Evergrande-related shares slump after management movement

SOHO China

18/08/2021 03:11

**China Evergrande Group  3333.HK  and its related companies
fall following chairman change and CEO stake sale
    **Heavily indebted Evergrande  3333.HK  drops 2%, while
China Evergrande New Energy Vehicle Group  0708.HK  and
Evergrande Property Services Group  6666.HK  plunge 8.2% and 4%,
respectively
    **Zhao Changlong has replaced Hui Ka Yan as chairman of
flagship unit Hengda Real Estate Group  urn:newsml:reuters.com:*:nL1N2PO0E6
**CEO Xia Huijun Cuts Stakes In Property Services And New Energy
Vehicle Arm  urn:newsml:reuters.com:*:nP8N2PJ01C

 (Shanghai Newsroom)
 ((Jason.Xue@thomsonreuters.com))