Hong Kong Stock Market News | EVERG VEHICLE drops over 7% again, Executive Director Liu Yongzhuo detained, Newton Group's subscription agreement has become invalid.

In early trading, EVERG VEHICLE fell more than 7%, and as of the time of writing, it has dropped by 6.94% to HKD 0.335, with a turnover of HKD 2.4072 million. In terms of news, on January 8th, EVERG VEHICLE announced that it had learned that its executive director, Liu Yongzhuo, was detained on suspicion of illegal activities. So far, China Evergrande Group Chairman Xu Jiayin, EVERG VEHICLE President Liu Yongzhuo, and Evergrande Wealth General Manager Du Liang have all been arrested. In addition, in conjunction with the latest news announced by EVERG VEHICLE on January 1st, the share subscription agreement and debt-to-equity conversion agreement between EVERG VEHICLE and Newton Group, originally scheduled to expire on December 31, 2023, have now become invalid.