Evergrande NEV Says Court Accepted Liquidation Case Against Unit

China Evergrande New Energy Vehicle Group says it has noted recent increase in its stock price and trading volume, and confirms it’s not aware of any reason, according to Hong Kong stock exchange filing.

• Court accepted bankruptcy and liquidation application by a creditor against its subsidiary Evergrande New Energy Vehicle (Shanghai)
• The Unit received ruling from the Third Intermediate People’s Court of Shanghai Municipal dated March 17
• NOTE: GAC Says Never Engaged With Evergrande NEV on Nansha Factory
  • China Evergrande NEV Shares Surge By Record

To contact the reporter on this story:
Lin Cheng in New York at lcheng97@bloomberg.net

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