China Evergrande New Energy Vehicle Group (HK:0708) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
China Evergrande New Energy Vehicle Group Limited has announced that two of its subsidiaries are facing bankruptcy and reorganization proceedings initiated by individual creditors, which will significantly affect the company’s production and operations. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.
For further insights into HK:0708 stock, check out TipRanks’ Stock Analysis page.