"Evergrande's EV Share Sale Agreements with Global Partners Lapse"
TL;DR
The planned share sale agreement between China Evergrande New Energy Vehicle Group and U.S.-listed NWTN has fallen through as the parties did not extend the long stop date. The deal, initially announced in August, involved Evergrande's EV arm issuing 6.18 billion new shares to NWTN for HK$3.89 billion. With the lapse of the agreement, the intended share and loan conversion subscriptions are no longer valid.
Topics:businessbusiness-and-finance#business-and-finance#china-evergrande#ev-industry#hong-kong-stock-exchange#nwtn#share-sale
- China Evergrande's EV share sale deal lapses Reuters
- Evergrande Auto's Investment Agreement With Dubai Automaker Lapses The Wall Street Journal
- China Evergrande's EV share sale deal with U.S. firm NWTN lapses The Globe and Mail
- Evergrande and NWTN Share Sale Agreement Expires without Extension BNN Breaking
- China Evergrande's EV share sale deal lapses -January 01, 2024 at 08:05 am EST Marketscreener.com
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