Potential Buyer Found by Liquidators of China Evergrande's EV Unit

Quick Summary:

The EV unit of embattled real estate developer China Evergrande said liquidators are in talks with a potential buyer who may also extend a new line of credit for production.

Trading in the shares has also been suspended since May 17.

The company’s Tianjin factory stopped operating since the beginning of the year.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong KongChina

Topics: Liquidators Hengchi Buyer Group Potential 2021 Electric Evergrande Vehicle Filing China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-26 @ 21:57:31 (1 months ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 299 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21091293

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