China Evergrande New Energy Vehicle Group (hereinafter referred to as Evergrande Automobile) on the first day of resumption of trading in the Hong Kong stock market on Friday (July 28), the market value decreased by 2.8 billion US dollars (the same below, about S $ 3.7 billion)EssenceEarlier, Evergrande's Hong Kong stocks were suspended for 16 months.
Comprehensive Bloomberg and Securities Times reported, Evergrande Automobile issued an announcement on Thursday (27th) that the company has reached all the re -trading guidelines and has applied to the Hong Kong Exchange from 9 am, restoring the company's shares to restore the company's sharesBuying and selling.
On April 1 last year, Evergrande's Hong Kong stocks officially suspended trading.Before the suspension, Evergrande's stock price was HK $ 3.2 per share (below, about S $ 0.55), with a total market value of HK $ 34.7 billion.
After the license at 9 am on Friday, Evergrande Automobile's stock price fell 69%after the opening of the Hong Kong stock market, down 60%near 1 pm, and the market value was about 1.7 billion US dollars.
The main condition for satisfying the resumption is that Evergrande Motors announced a two -year financial report.Evergrande Automobile announced on Wednesday (26th) on the Hong Kong Stock Exchange that a total of 84.3 billion yuan in 2021 and 2022 (the same, about 15.6 billion yuan).Evergrande Automobile had a net loss of 27.7 billion yuan in 2022 and a loss of 56.6 billion yuan in the previous year.
