On July 8, the Guangzhou Municipal Planning and Natural Resources Bureau (GMPNRB) announced that in accordance with relevant national land regulations, a land parcel registered under Evergrande Hengchi New Energy Automotive Technology (Guangdong) Co., Ltd. has been identified as idle land for company-related reasons
On September 5, Evergrande Auto announced on the Hong Kong Exchanges and Clearing Limited (HKEX) that an individual creditor of Hengchi Auto, a subsidiary, filed with the relevant local people’s court for bankruptcy liquidation of the company.
According to Evergrande Auto, as the production and operating activities o
On July 28, Evergrande Auto (the Company) announced on the Hong Kong Exchanges and Clearing Limited (HKEX) that Evergrande New Energy Vehicle (Guangdong) Co., Ltd. and Evergrande Smart Automotive (Guangdong) Co., Ltd. (the Relevant Subsidiaries) received a notice from the relevant local people’s court on July 26.
Acc
On June 11, Evergrande Auto (the Company) announced on the Hong Kong Exchanges and Clearing Limited (HKEX) that the relevant subsidiaries recently received a written decision of administrative penalty (the Written Administrative Decision) further issued by the relevant local administrative authority.
According to the
On May 26, Evergrande Auto (the Company) announced on the Hong Kong Exchanges and Clearing Limited (HKEX) that 3.145 billion potential sale shares (accounting for around 29% of all issued shares) will be acquired immediately, and 3.203 billion potential sale shares (around 29.5%) will be the subject of an option exer
On April 5, Evergrande Auto announced on the HKEX the termination of its proposed transactions and debt-to-equity conversion due to no further progress in amending the corresponding terms. The company will not convene a general meeting of shareholders, nor will it publish any related circular.
From an Evergrande Auto
On March 27, China Evergrande New Energy Vehicle Group Limited (Evergrande Vehicle) issued its financial report for 2023. According to the financial report, Evergrande Vehicle achieved a revenue of CNY 1.34 billion, up 900.04% year-over-year. As of December 31, 2023, Evergrande Vehicle incurred a deficit of CNY 11.99
On January 1, Evergrande Auto announced on the Hong Kong Stock Exchange (HKEX) that its share subscription and debt-for-equity exchange agreements with NWTN Inc. (NWTN) headquartered in Dubai, UAE, which were originally scheduled to expire on December 31, 2023, have now lapsed due to the failure of the two parties to
On August 14, Evergrande Auto announced that it received an approximate USD 500 million strategic investment from NWTN Inc. (NWTN) headquartered in Dubai, UAE. The two parties signed a share subscription agreement that NWTN will hold about 27.50% of the total number of Evergrande Auto’s enlarged outstanding common sh
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