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[Evergrande Automobile may face large-scale share transfer] Evergrande Health Industry Group and Acelin Global Limited, etc.onwemixgame, jointly planned the share sale with China Evergrande liquidatoronwemixgame, aims to put 29% of Evergrande Motors 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 Motorsonwemixgame.47 billion shares, accounting for 58onwemixgame.5%, all of which are planned for sale.
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.
