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europeanblackjack| Evergrande Automobile: It plans to sell 58.5% of its shares, 3.145 billion shares will be traded immediately, and 3.203 billion shares will be pending option exercise

editor 2024-05-27 24 0

News summary

Evergrande Automobile announcement revealedeuropeanblackjack, potential sellers intend to sell their holdings 58europeanblackjack.5% shares, of which 29europeanblackjack0% of the shares will be acquired immediately and 29.5% will be the subject of the option. At the same time, potential buyers will provide credit to support Evergrande Motor's electric vehicle business. Trading in the company's shares will resume on May 27.

Newsletter text

[Evergrande Automobile Announcement: Potential sellers and third-party buyers may reach an agreement on share transactions]

On May 26, Evergrande Automobile announced that it had learned that a potential seller had signed a contract with an independent third-party buyer.europeanblackjackAfter completing the terms and conditions, a share purchase and sale agreement may be reached. Potential sellers include China Evergrande Group, Evergrande Health Industry Group and Acelin Global Limited.

europeanblackjack| Evergrande Automobile: It plans to sell 58.5% of its shares, 3.145 billion shares will be traded immediately, and 3.203 billion shares will be pending option exercise

As of the announcement date, potential sellers held a total of 6.348 billion shares, accounting for approximately 58.5% of the company's total shares. In the proposed transaction, 3.145 billion shares will be acquired immediately, while 3.203 billion shares will be subject to options for potential buyers.

In addition, Evergrande revealed that potential buyers will provide credit lines to support the development of its electric vehicle business. Currently, Evergrande Motors faces a shortage of funds, and its Tianjin factory has stopped production since the beginning of the year.

Evergrande Automobile plans to apply to the Stock Exchange to resume share trading starting from 9 a.m. on May 27.