China Evergrande New Energy Vehicle Group (HK:0708) has released an update.
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China Evergrande New Energy Vehicle Group Limited has announced that its Relevant Subsidiaries have entered bankruptcy and reorganization proceedings following a court hearing on August 2, 2024. The company has advised shareholders and potential investors to exercise caution when dealing in its shares. This development signifies a pivotal moment for the company and its stakeholders in the midst of financial restructuring.
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