Evergrande’s EV unit terminates its RMB share issue project

HONG KONG, Sept.26 (Reuters) – China Evergrande’s Electric Car Unit (3333.HK) announced on Sunday that it would not proceed with the issuance of RMB shares to the Science and Technology Innovation Council of the Shanghai Stock Exchange.

In a statement to the Hong Kong Stock Exchange, China Evergrande New Energy Vehicle Group (0708.HK) said that after careful consideration, the company and Haitong Securities have agreed to terminate the agreement to issue RMB shares. .

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Reporting by Anne Marie Roantree; Editing by Kirsten Donovan

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