China Evergrande's EV arm units to enter bankruptcy, reorganization proceedings
05/08/2024 01:16
Aug 5 (Reuters) - China Evergrande New Energy Vehicle 0708.HK said on Monday a local court ruled that two of its units would enter bankruptcy and reorganization, a week after individual creditors of those relevant units sought permission filed for such proceedings. (Reporting by Rishav Chatterjee in Bengaluru; Editing by Rashmi Aich) ((Rishav.Chatterjee@thomsonreuters.com;))
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