Evergrande Automobile (00708.HK): Guangzhou Julei is fully owned by 6 Chinese provincial-level or local state-owned enterprises.

The Zhixun Finance APP reported that Evergrande Auto (00708.HK) announced that, as disclosed in the August 2024 announcement, its related subsidiaries have entered into bankruptcy reorganization proceedings. In accordance with these proceedings, a trustee (Trustee) has been appointed to take control, management, and operation of the relevant subsidiaries, including the formulation of bankruptcy reorganization plans for the subsidiaries and the execution of these plans after approval by the relevant local peoples court.