Reported about 1 month ago
China Evergrande New Energy Vehicle has announced the termination of discussions regarding a potential stake sale, as its sellers have opted to cease negotiations. Despite earlier talks of divesting a 29% share, liquidators indicated that there is no guarantee a sale will occur. The company's financial struggles are evident, as it reported a net loss of 20.3 billion yuan in the first half of the year, and it is seeking to resume trading on the stock exchange soon.
Source: YAHOO