Evergrande Auto (00708.HK): The court has appointed a liquidator for Evergrande New Energy Vehicle (Tianjin) Co., Ltd. and the trading of stocks will continue to be suspended.

Intelligence Finance app news, Evergrande Motor (00708.HK) announced that the company has received a ruling from the Binhai New Area People's Court in Tianjin (the ruling). According to the ruling, the court has appointed a liquidator for the bankruptcy and liquidation of Evergrande New Energy Vehicle (Tianjin) Co., Ltd. (the relevant subsidiary) which is an indirect wholly-owned subsidiary of the company, and has instructed on the verification of creditors' claims and creditors' meeting. The registered capital of the relevant subsidiary is RMB 4.1 billion, and it is the registered owner of the manufacturing base of intelligent travel products owned by the group in Tianjin. Production at the base has been suspended since January 2024.