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funcryptogames| 29% shares of Evergrande Motors are planned to be sold: China Evergrande liquidator plans asset disposal

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funcryptogames| 29% shares of Evergrande Motors are planned to be sold: China Evergrande liquidator plans asset disposal

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[Evergrande Automobile may face large-scale share transfer] Evergrande Health Industry Group and Acelin Global Limited jointly planned the share sale with China Evergrande liquidators, aiming to put 29% of Evergrande Automobile's shares on the market.

After the five-trading-day suspension period ended, Evergrande Motor announced on the evening of May 26 that it had made arrangements with unknown third parties for the sale of shares.funcryptogamesPreliminary terms. According to the disclosed information, Evergrande holds a total of approximately 63% of Evergrande Motorsfuncryptogames.47 billion shares, accounting for 58.5%, are all planned to be sold.

The two parties plan to complete the transaction of the proposed 3.14 billion shares immediately after further signing the final sale and purchase agreement. This move will bring a credit agreement to Evergrande Automobile and ensure the continued operation and development of its electric vehicle business.