Economic news
China’s Evergrande EV unit applies to resume trading on HK bourse
2023.07.27 09:53
© Reuters. A view of the electric vehicle (EV) factory of China Evergrande New Energy Vehicle Group in Tianjin, China October 20, 2021. Picture taken October 20, 2021. REUTERS/Yilei Sun/File photo
(Reuters) – China Evergrande New Energy Vehicle Group said on Thursday that it had applied to the Hong Kong Stock Exchange to resume trading in the company’s shares on Friday.
Trading in the shares of the company, the electric vehicle unit of China Evergrande Group, has been suspended since April 1, 2022, after it got sucked into a debt crisis in mid-2021.
