China Evergrande's EV unit to cease discussions for stake sale By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 25 2024
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Source: Investing.com
Stake Sale Talks Cease: China Evergrande New Energy Vehicle announced that potential sellers have halted discussions regarding a stake sale in the company, which is struggling financially.
Financial Losses and Trading Resumption: The company reported a significant net loss of 20.3 billion yuan in the first half of the year and has applied to resume trading on the stock exchange starting October 28.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
