bouncingball8net| 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, together with China Evergrande liquidators, planned the share sale, aiming to transfer 29% of Evergrande Automobile.bouncingball8netShares are put on the market.

After the five-trading-day suspension period ended, Evergrande Motor announced on the evening of May 26 that it had formulated preliminary terms for the share sale with unknown third parties. According to the disclosed information, Evergrande holds a total of approximately 63% of Evergrande Motorsbouncingball8net.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.