Explore stories from Atlantic Canada.
A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtipsHONG KONG - A share sale plan between China Evergrande New Energy Vehicle Group, the electric-vehicle arm of embattled property developer China Evergrande and U.S.-listed NWTN has been halted, according to a Hong Kong bourse stock filing on Sunday.
The suspension of the share subscription deal was due to"significant uncertainties" tied to the Evergrande group, the filing by the Chinese firm said. Previously, Evergrande said investigations had been initiated against the parent company, its founder and senior executives, while the firm's debt restructuring plan has also been derailed.
In an announcement 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$3.89 billion , implying a subscription price of HK$0.6297 per share. 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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Evergrande's $500 million EV share deal suspended, stock to resume tradingA share sale plan between China Evergrande New Energy Vehicle Group, the electric-vehicle arm of embattled property developer China Evergrande and U.S...
Read more »
Trump Drops $500 Million Lawsuit Against Former Lawyer Cohen - BNN BloombergDonald Trump dropped the $500 million lawsuit he filed against his estranged former lawyer Michael Cohen just four days before the former president was due to answer questions under oath in the case.
Read more »
CentreStage Theatre presents Blithe Spirit to kick off end of year lineup in Kentville, N.S.Explore stories from Atlantic Canada.
Read more »
CentreStage Theatre presents Blithe Spirit to kick off end of year lineup in Kentville, N.S.Explore stories from Atlantic Canada.
Read more »
CentreStage Theatre presents Blithe Spirit to kick off end of year lineup in Kentville, N.S.Explore stories from Atlantic Canada.
Read more »