A HONG Kong court adjourned to Jun 24 a hearing on a winding-up petition against Chinese developer Kaisa Group Holdings on Monday (May 27), giving the struggling firm more time to work on a debt agreement.
Shares of China Evergrande
New Energy Vehicle Group more than doubled on Monday
as trade resumed after the company said liquidators had agreed
on behalf of key shareholders to sell a stake in the.
Shares of China Evergrande s EV Unit Soar After Liquidators Stake Sale Deal usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
The liquidators of China Evergrande reached an initial agreement on May 16 to sell a 29 per cent stake in Evergrande NEV to an unidentified buyer, according to an exchange statement.