Evergrande Vehicle explores the sale of non-core assets, continues to suspend trading
EVERG VEHICLE (00708.HK) announced its latest developments, stating that the group continues to explore ways to manage cash resources, including the sale of non-core assets to support operational activities. At the same time, several subsidiaries are facing bankruptcy liquidation procedures. Due to liquidity challenges, the company has not allocated limited resources to hire auditors and other relevant professional consultants for the 2024 on-site and other audit work, which has also led to a delay in the publication of the mid-term results for 2025.
The company's shares will be suspended from trading starting April 1, 2025, and will remain suspended until further notice
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