China Evergrande Group (HK:3333) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China Evergrande Group, currently in liquidation, has entered into a non-binding term sheet for the potential sale of shares in its indirect subsidiary, China Evergrande New Energy Vehicle Group Limited. The proposed transaction involves selling a majority stake, which is subject to further due diligence, negotiations, and may not necessarily proceed. Concurrently, trading of China Evergrande Group’s shares remains suspended, with further updates to follow.
For further insights into HK:3333 stock, check out TipRanks’ Stock Analysis page.