Evergrande NEV Subsidiaries Transferred to Guangzhou Juli After Court-Approved Restructuring

Reuters
2025/12/18
Evergrande NEV Subsidiaries Transferred to Guangzhou Juli After Court-Approved Restructuring

China Evergrande New Energy Vehicle Group Ltd. announced that its subsidiaries, Evergrande New Energy Vehicle (Guangdong) Co., Ltd. and Evergrande Smart Automotive (Guangdong) Co., Ltd., have completed a key stage in their court-sanctioned bankruptcy and reorganization proceedings. An appointed administrator has taken control of the subsidiaries, and as part of the restructuring plan approved by the local court, 100% of the equity interest in these subsidiaries has been transferred to Guangzhou Juli Modern Industrial Development Co., Ltd. As a result, the Group no longer holds any equity interest in the affected subsidiaries. Trading of the company's shares remains suspended pending the release of outstanding financial results and fulfillment of resumption requirements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Evergrande New Energy Vehicle Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251218-11960582), on December 18, 2025, and is solely responsible for the information contained therein.

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