China Evergrande New Energy Vehicle Group ( (HK:0708) ) has issued an announcement.
China Evergrande New Energy Vehicle Group has announced the disposal of 20% of a subsidiary, raising SEK60 million to meet its tax and other payment obligations. This transaction follows a previous sale of 80% shares, reflecting the company’s strategy to enhance liquidity amid financial challenges. The disposal is classified as a discloseable transaction under the Listing Rules, exempt from shareholder approval but requiring an announcement.
More about China Evergrande New Energy Vehicle Group
China Evergrande New Energy Vehicle Group is engaged in the technology research and development, manufacturing, and sales services of new energy vehicles. The company has a market focus on innovative automotive solutions and operates primarily in Sweden.
YTD Price Performance: -13.33%
Average Trading Volume: 4,287
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $268M
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