Court Appoints Administrator for Evergrande NEV Tianjin Subsidiary Bankruptcy

Reuters12-01
Court Appoints Administrator for Evergrande NEV Tianjin Subsidiary Bankruptcy

China Evergrande New Energy Vehicle Group Ltd. has announced that the People's Court of Binhai New District of Tianjin Municipality has appointed an administrator for the bankruptcy and liquidation of its indirect wholly-owned subsidiary, Evergrande New Energy Vehicle (Tianjin) Co., Ltd. The subsidiary, which owns the Group's manufacturing base in Tianjin, has had its production suspended since January 2024. The company's shares remain suspended from trading on the Hong Kong Stock Exchange pending the release of outstanding financial results and fulfillment of resumption requirements. Shareholders and investors are advised to exercise caution when dealing in the company's securities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Evergrande New Energy Vehicle Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251201-11937785), on December 01, 2025, and is solely responsible for the information contained therein.
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