Evergrande Auto

2025.07.31

22:17

Evergrande Auto: Postponement of mailing date for circular to August 29 regarding major and continuing related-party transactions

Evergrande Auto announced a further delay in the dispatch of its circular. Originally scheduled for July 30, 2025, the circular is now expected to be dispatched on August 29, 2025. The delay relates to significant and continuing connected transactions, including related-party loan receivables and updates on continuing connected transactions related to landscaping engineering services, material procurement, and sales of new energy vehicles. It also includes the sale of all issued shares of Huibao Limited and Flaming Ace Limited to Anxin Holdings Limited, a subsidiary of China Evergrande Group (in liquidation).

2025.07.10

17:14

A plot of land in Guangzhou Evergrande Auto City will be reclaimed free of charge after being idle for 4 years

The Nansha District Branch of the Guangzhou Municipal Planning and Natural Resources Bureau issued an idle land certification. The certification shows that an "Idle Land Investigation Notice" was issued to Evergrande Hengchi New Energy Vehicle Technology (Guangdong) Co., Ltd. in the early stage. The "Real Estate Certificate" has been processed for the investigated land, with a registered area of 437,400 square meters, and the certificated use is industrial land. The above-mentioned relevant departments will deal with the land in accordance with the "Idle Land Disposal Measures" in accordance with the law. According to relevant regulations, if idle land has not been developed for two years, the right to use state-owned construction land can be recovered free of charge after approval.

13:50

Evergrande Auto's 437,000 square meters of land, which has been idle for more than four years, was taken back by the government

Recently, the official website of the Guangzhou Municipal Planning and Natural Resources Bureau announced an "Idle Land Identification Certificate". The certificate pointed out that the Nansha Branch of the Guangzhou Municipal Planning and Natural Resources Bureau issued an "Idle Land Investigation Notice" to Evergrande Hengchi New Energy Vehicle Technology (Guangdong) Co., Ltd. in the early stage. The surveyed land has been processed for the "Real Estate Certificate" (Guangdong [2022] Guangzhou Real Estate No. 11021857), and the registered owner is Evergrande Hengchi New Energy Vehicle Technology (Guangdong) Co., Ltd., with a registered area of 437,441 square meters and land use for industrial purposes. According to the provisions of the "Idle Land Disposal Measures" and the relevant provisions of the "State-owned Land Use Right Transfer Contract", this land parcel has been identified as an idle plot since June 9, 2021, and the reason for the idleness is corporate reasons. The land will be handled in accordance with the "Idle Land Disposal Measures" (Ministry of Land and Resources Order No. 53) in accordance with the law.

2025.06.30

21:23

Evergrande Auto: The date for sending the circular will be further delayed to before July 30, 2025

Evergrande Auto HKEx announcement, also referred to the Company's announcements dated July 26, 2023 and March 27, 2024, which included the Company's annual results for the year ended December 31, 2021 and the year ended December 31, 2023, respectively, and continuing connected transactions related to greening engineering services, material procurement and sales of new energy vehicles. As the Company needs more time to prepare and finalize the information included in the circular, the expected date of despatch of the circular will be further delayed from June 30, 2025 (Monday) to July 30, 2025 (Wednesday) or earlier.

2025.04.02

07:20

Over 60 Hong Kong-listed companies face difficulties in publishing annual reports

According to the reporter's statistics, more than 60 stocks recently announced that the company will delay the publication of the 2024 full-year performance report and the stock will be suspended from April 1. Among the Hong Kong-listed companies that announced the suspension of trading from April 1, there are well-known companies such as Evergrande Auto and New Town Joy Service. Institutional sources said that failure to publish annual reports on time will send a signal to the market that the company's internal management is chaotic, financial conditions are poor, or there are other problems, which will have a negative impact on investor confidence and the company's reputation.

2025.04.01

10:29

Evergrande Auto adds two new persons subject to execution, with a total execution amount of more than 280 million yuan

Tianyancha legal litigation information shows that on March 31, Evergrande New Energy Vehicle Investment Holding Group Co., Ltd. added 2 new information on the persons subject to execution, with the total execution target of more than 280 million yuan, involving a financial leasing contract dispute case. The persons subject to execution also include Evergrande Group Co., Ltd., Evergrande Hengchi New Energy Vehicle (Shanghai) Co., Ltd., etc. The executing court is the Guangzhou Intermediate People's Court of Guangdong Province.

08:08

Evergrande Auto: The court has appointed an administrator to be responsible for the bankruptcy liquidation procedures of the relevant subsidiaries

Evergrande Auto Announcement, China Evergrande New Energy Vehicle Group Co., Ltd., hereby refers to its announcement dated March 26, 2025, regarding the decision of the Shanghai No. 3 Intermediate People's Court to accept the bankruptcy liquidation application filed by a creditor against the Company's indirect wholly-owned subsidiary, Evergrande Hengchi New Energy Vehicle (Shanghai) Co., Ltd. The relevant subsidiary received a decision dated March 26, 2025, and the court has appointed an administrator to be responsible for the bankruptcy liquidation procedures of the relevant subsidiary.

08:06

Evergrande Auto: Trading suspended from today, release of 2024 annual report delayed

Evergrande Auto: Delay in publishing the annual results announcement for the year ending December 31, 2024. Trading will be suspended from April 1, pending the company's publication of the 2024 annual results announcement.

2025.03.31

09:34

Hong Kong-listed Evergrande Auto (00708.HK) rose by more than 10%, with a turnover exceeding HK$1.2 million.

2025.03.28

16:09

Hong Kong stocks closed: Hang Seng Index closed down 0.65% Hang Seng Technology Index closed down 1.48%

At the close of Hong Kong stocks, the Hang Seng Index closed down 0.65%, and the Hang Seng Technology Index closed down 1.48%. The Hong Kong Stock Technology ETF (159751) closed down 1.50%, and the Hang Seng Hong Kong Stock Connect ETF (159318) closed down 1.07%. Tigermed and Zhaoyan Pharmaceutical fell more than 10%, NIO and Haier Smart Home fell more than 7%, and Evergrande Auto rose more than 14%.

16:09

At the close of Hong Kong stocks, the Hang Seng Index closed down 0.65%, and the Tech Index closed down 1.48%. NIO (09866.HK) closed down about 7%, SMIC (00981.HK) closed down about 4%, Evergrande Auto (00708.HK) closed up about 14%, and Hansoh Pharmaceutical (03692.HK) closed up about 7%.

12:01

Hong Kong Stocks Midday Review: Hang Seng Index fell 0.89% Hang Seng Technology Index fell 1.68%

At the close of Hong Kong stocks at noon, the Hang Seng Index fell 0.89%, and the Hang Seng Technology Index fell 1.68%. NIO fell more than 7%, Xiaomi Group and SMIC fell more than 3%; Evergrande Auto rose more than 30%.

09:41

Hong Kong-listed Evergrande Auto (00708.HK) rose by more than 50%, with a turnover exceeding HK$9.5 million.

09:19

On March 28, Ruihu Mould stated on an interactive platform that the company no longer has a cooperative relationship with Evergrande Auto.

2025.03.27

12:00

Hong Kong Stocks Midday Review: Hang Seng Index rose 1.05% Hang Seng Technology Index rose 1.34%

At the close of Hong Kong stocks at noon, the Hang Seng Index rose 1.05% and the Hang Seng Technology Index rose 1.34%. Innovative drugs and IP economy sectors led the gains, with Pop Mart and Innovent Biologics rising more than 10%, and SMIC rising more than 6%; Evergrande Auto fell more than 25%.

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