Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED

(708)
  Report
SummaryChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China Evergrande says Property Services stake sale terminated

10/20/2021 | 09:25am EST
FILE PHOTO: Headquarters of China Evergrande Group in Shenzhen

HONG KONG (Reuters) - China Evergrande Group said on Wednesday it had terminated a deal with a unit of Hopson Development to sell a 50.1% stake in Evergrande Property Services.

If it had gone through the deal would have been worth HK$20.04 billion ($2.58 billion).

Reuters reported on Tuesday Evergrande's deal to sell a 51% stake in its property services unit has been put on hold, two people with knowledge of the matter said, in a blow to the embattled developer's hopes of avoiding a potentially disruptive default.

Evergrande, teetering on the brink of collapse with more than $300 billion in debt, was in talks to sell the stake in Evergrande Property Services to smaller rival Hopson Development Holdings for around HK$20 billion ($2.6 billion), sources have previously told Reuters.

Trading in shares of China Evergrande, Evergrande Property Services Group and Hopson have been halted since Oct. 4.

($1 = 7.7752 Hong Kong dollars)

(Reporting by Arundhati Dutta; Editing by Anne Marie Roantree and David Evans)

By Arundhati Dutta


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP 3.18% 2.27 End-of-day quote.-84.77%
CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED -13.39% 3.04 End-of-day quote.-89.93%
HOPSON DEVELOPMENT HOLDINGS LIMITED 0.98% 18.58 End-of-day quote.3.43%
All news about CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED
11/29MarketScreener's World Press Review - November 29, 2021
11/28Evergrande shares fall after chairman cuts stake; Fantasia suspends trading
RE
11/28Evergrande NEV Returns Undeveloped Land to Government for $201 Million
MT
11/26China Evergrande New Energy Vehicle Says in Talks to Dispose Some of Elderly Care Valle..
CI
11/25Hong Kong shares rise as Alibaba, Tencent rebound
RE
11/22Shares of China Evergrande's EV unit rise after $347 million share sale plan
RE
11/21Evergrande NEV Targets $347 Million From Share Sale
MT
11/19China Evergrande EV unit to raise $347 million from share sale to fund production
RE
11/19China Evergrande resumes construction on 63 projects in Pearl River delta
RE
11/11Evergrande NEV Sells Dutch Electric Drivetrain Unit e-Traction For Up to $2.3 Million
MT
More news
Analyst Recommendations on CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED
More recommendations
Financials
Sales 2020 15 487 M 2 429 M 2 429 M
Net income 2020 -7 394 M -1 160 M -1 160 M
Net Debt 2020 62 534 M 9 807 M 9 807 M
P/E ratio 2020 -35,5x
Yield 2020 -
Capitalization 26 979 M 4 230 M 4 231 M
EV / Sales 2019 20,0x
EV / Sales 2020 18,5x
Nbr of Employees 14 493
Free-Float 26,5%
Chart CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED
Duration : Period :
China Evergrande New Energy Vehicle Group Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Managers and Directors
Da Rong Pan Chief Financial Officer
Shawn Siu Chairman
Shing Yim Chau Independent Non-Executive Director
Jian Wen Guo Independent Non-Executive Director
Wu Xie Independent Non-Executive Director