A share sale plan between China Evergrande New Energy Vehicle Group (0708.HK), the electric-vehicle arm of embattled property developer China Evergrande (3333.HK) and U.S.-listed NWTN (NWTN.O) has been halted, according to a Hong Kong bourse stock filing on Sunday.
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo/File PhotoThe suspension of the share subscription deal was due to "significant uncertainties" tied to the Evergrande group, the filing by the Chinese firm said.in August, the electric-vehicle subsidiary said it had agreed to issue 6.18 billion new shares to Dubai-based mobility company NWTN for a total consideration of HK$3.
Trading in shares of the China Evergrande New Energy Vehicle Group, which were suspended on Sept. 28, will resume on Monday, the Sunday filing said.Australia's EcoGraf considers battery anode material facility development in Vietnam Australia's EcoGraf said on Monday it would evaluate prospects of developing a battery anode material facility in Vietnam in collaboration with local lithium-ion battery manufacturer VinES Energy Solutions .Germany's billionaire Schaeffler family is considering a buyout of Vitesco Technologies Group to boost their presence in the electric vehicle supply chain, Bloomberg News reported on Sunday.
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