BEIJING: China Evergrande Group’s electric-vehicle( EV) unit fell after selling HK$ 2. 7bil( US$ 347mil or RM1. 45bil) of stock at a discount to bolster its finances as it seeks to put delayed vehicles into production. China Evergrande New Energy Vehicle Group Ltd( Evergrande NEV) sold 900 million shares at HK$ 3( RM1.61) each, 15% below Friday’s closing price in Hong Kong, according to a statement from the Guangzhou-based company. The stock, representing 9% of the firm, was sold to at least six
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2021-11-23 00:00:00.0
