Evergrande's EV unit rises in resumed trade after share sale deal halted

Robo.ai

09/10/2023 07:06

HONG KONG, Oct 9 (Reuters) - Shares of China Evergrande
New Energy Vehicle Group  0708.HK  reversed losses and rose 8.9%
in resumed trade on Monday after it said a share sale plan with
U.S.-listed NWTN  NWTN.O  was halted amid "significant
uncertainties" tied to Evergrande group.
    Stock of the electric-vehicle arm of embattled property
developer China Evergrande Group  3333.HK , which was suspended
since Sept 28, rose to HK$0.61 each. China Evergrande Group
shares fell more than 6%. That compared to a 0.3% rise in the
benchmark Hang Seng Index  .HSI .  


    

 (Reporting by Donny Kwok and Clare Jim
Editing by Shri Navaratnam)
 ((donny.kwok@thomsonreuters.com; +852 3462 7745;))