Evergrande's $500 million EV share deal suspended, stock to resume trading

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A share sale plan between China Evergrande New Energy Vehicle Group, the electric-vehicle arm of embattled property developer China Evergrande and U.S...

HONG KONG - A share sale plan between China Evergrande New Energy Vehicle Group, the electric-vehicle arm of embattled property developer China Evergrande and U.S.-listed NWTN has been halted, according to a Hong Kong bourse stock filing on Sunday.

Previously, Evergrande said investigations had been initiated against the parent company, its founder and senior executives, while the firm's debt restructuring plan has also been derailed. Trading in shares of the China Evergrande New Energy Vehicle Group, which were suspended on Sept. 28, will resume on Monday, the Sunday filing said.Hold high growth small-cap stocks such as Tidewater Renewables in your TFSA and benefit from outsized gains in the upcoming decade. The post The TFSA Play: Turn $6,500 Into a Retirement Goldmine appeared first on The Motley Fool Canada.

 

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