Shares in Evergrande’s electric vehicle unit tumbled on Sept. 27 in Hong Kong after suspending plans for a secondary listing on Shanghai’s Star Market due to a “serious shortage of funds.” The pulled listing is the latest blow to the unit that once had a higher stock market valuation than Ford. It comes as Evergrande’s…
China Evergrande Halts Electric Car Unit’s Listing Plan, Shares Tumble
September 28, 2021
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