Executive Director of Evergrande Automobile, former Evergrande footballThe chairman of the club Liu Yongzhuo has been criminally detained in accordance with the law for suspected illegal crimes.
Evergrande Automobile issued another announcement on Monday at noon, disclosed the news of Liu Yongzhuo's sentence, and announced that the company's shares were resumed from 1 pm on January 8th.After the news was released, Evergrande's stock stocks fell 20%.
Liu Yongzhuo played an important role in the process of entering the sports industry in Evergrande. In 2010, he served as chairman of Evergrande Football Club and stepped down in 2016.During his six years, the Guangzhou team won the AFC Champions League and achieved continuous championship in the Super League.In 2020, Liu Yongzhuo was the president of Evergrande New Energy Automobile Group.
Xu Jiayin, executive director and chairman of the board of directors, has been taken for compulsory measures in accordance with the law for suspected illegal crimes in September last year.
Last week (January 1) Evergrande issued an announcement saying that Evergrande Automobile and the UAE New Energy Vehicle Brand Newton Group's share subscription agreement and debt -to -equity transfer subscription agreement was originally scheduled to be.The deadline on December 31 last year, but the Newton Group did not agree to extend the deadline, which means that the original subscription agreement failed.
According to the original agreement in August last year, Newton Group will subscribe for about 6.18 billion new Evergrande car new shares.The total cost is about HK $ 3.9 billion (S $ 663 million).
