China Evergrande's EV unit, Evergrande NEV, is in talks with a potential buyer for a new line of credit and potential stake acquisition.
China Evergrande's EV unit says liquidators are in talks with a potential buyer who may extend a new line of credit, taking an initial 29% stake and an additional 29.5% later. The potential buyer, not connected with Evergrande NEV, could trigger a mandatory general offer. The news follows local authorities pursuing Evergrande NEV to repay 1.9 billion yuan in subsidies.
May 26, 2024
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