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China Evergrande Nw Egy Vhc Grp Ltd

0708.HK

Latest Trade

2.98HKD

Change

-0.55(-15.58%)

Volume

144,652,383

Today's Range

2.92

 - 

3.70

52 Week Range

2.92

 - 

72.45

As of on the Hong Kong Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

China Evergrande Updates On Engagement Of Financial Advisers

Sept 14 (Reuters) - China Evergrande Group <3333.HK>::UPDATES SINCE 31 AUGUST 2021 AND ENGAGEMENT OF FINANCIAL ADVISERS.EXPECTS SIGNIFICANT CONTINUING DECLINE IN CONTRACT SALES IN SEPTEMBER.SIGNIFICANT CONTINUING DECLINE IN CONTRACT SALES IN SEPTEMBER.ONGOING NEGATIVE MEDIA REPORTS CONCERNING GROUP HAVE DAMPENED CONFIDENCE OF POTENTIAL PROPERTY PURCHASERS IN GROUP.ACTIVELY ENGAGED IN DISCUSSIONS WITH POTENTIAL INVESTORS IN RELATION TO SALES OF INTERESTS IN MEMBERS OF GROUP AND OTHER ASSETS.ALSO CONSIDERING BRINGING IN NEW INVESTORS TO COMPANY AND ITS OTHER SUBSIDIARIES.GROUP ACTIVELY EXPLORING WITH POTENTIAL INVESTORS ON SALES OF PART OF ITS INTERESTS IN CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP.NOT ENTERED INTO ANY LEGALLY BINDING AGREEMENT WITH ANY INVESTOR.UNCERTAIN AS TO WHETHER GROUP WILL BE ABLE TO CONSUMMATE ANY SUCH SALE.DISPOSAL OF COMPANY'S OFFICE BUILDING IN HONG KONG HAS NOT BEEN COMPLETED WITHIN EXPECTED TIMETABLE.ACTIVELY EXPLORING WITH POTENTIAL PURCHASERS ON DISPOSAL OF OFFICE BUILDING THAT IT OWNS IN HONG KONG.ENGAGED HOULIHAN LOKEY (CHINA) AND ADMIRALTY HARBOUR CAPITAL AS JOINT FINANCIAL ADVISERS TO ASSESS GROUP'S CAPITAL STRUCTURE.ALSO ACTIVELY EXPLORING WITH POTENTIAL INVESTORS ON SALES OF PART OF ITS INTERESTS IN EVERGRANDE PROPERTY SERVICES GROUP.NO GUARANTEE THAT GROUP WILL BE ABLE TO MEET ITS FINANCIAL OBLIGATIONS UNDER RELEVANT FINANCING DOCUMENTS & OTHER CONTRACTS.

China Evergrande Posts HY Profit Attributable Of RMB14,383 Mln

Aug 31 (Reuters) - China Evergrande Group <3333.HK>::HY REVENUE RMB222,690 MILLION VERSUS RMB266,631 MILLION.WILL CLOSELY MONITOR ITS EXCHANGE RISK EXPOSURE AND WILL ADJUST ITS DEBT PROFILE WHEN NECESSARY BASED ON MARKET CHANGES.HAS NOT ENTERED INTO ANY FORWARD EXCHANGE CONTRACTS TO HEDGE ITS EXPOSURE TO FOREIGN EXCHANGE FLUCTUATION RISK.AS AT 30 JUNE 2021, THE GROUP HAD INTEREST BEARING DEBTS OF ABOUT RMB571,775 MILLION.HY PROFIT ATTRIBUTABLE RMB14,383 MILLION VERSUS RMB6,540 MILLION.BANK DEPOSIT BALANCES OF RMB161,627 MILLION, OF WHICH, RMB74,855 MILLION WAS RESTRICTED CASH AS AT 30 JUNE.WILL CONTINUE TO ACTIVELY EXPLORE WITH POTENTIAL INVESTORS ON SALE OF CERTAIN INTERESTS IN CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP.WILL CONTINUE TO ACTIVELY EXPLORE WITH POTENTIAL INVESTORS ON SALE OF CERTAIN INTERESTS IN EVERGRANDE PROPERTY SERVICES GROUP.SEES ADJUSTING PROJECT DEVELOPMENT TIMETABLE, STRICTLY CONTROLLING COSTS, VIGOROUSLY PROMOTING SALES AND PAYMENT COLLECTION.SEES RENEWAL AND EXTENSION OF BORROWINGS, DISPOSING OF EQUITY INTERESTS AND ASSETS.OF VIEW CO WILL HAVE SUFFICIENT WORKING CAPITAL TO MEET FINANCIAL OBLIGATIONS IN NEXT 12 MTHS IF MEASURES ARE EFFECTIVE.ACTIVELY NEGOTIATING WITH SUPPLIERS & CONSTRUCTION CONTRACTORS TO STRIVE FOR RESUMPTION OF CONSTRUCTION WORK OF CERTAIN PROJECTS.IF RELEVANT PROJECTS DO NOT RESUME WORK, THERE MAY BE RISKS OF IMPAIRMENT ON PROJECTS & IMPACT ON GROUP’S LIQUIDITY.

China Evergrande New Energy Vehicle HY Loss Attributable RMB4.79 Bln

Aug 30 (Reuters) - China Evergrande New Energy Vehicle Group Ltd <0708.HK>::HY REVENUE RMB6,923 MILLION VERSUS RMB4,510 MILLION.HY LOSS ATTRIBUTABLE RMB4.79 BLN VS RMB2.27 BLN.AFTER REPORTING PERIOD, NOTED REPORTS THAT LED TO ADVERSE EFFECTS ON LIQUIDITY.THERE WERE DELAYS IN PAYMENTS TO SUPPLIERS, CONSTRUCTION FEES IN EVERGRANDE ELDERLY CARE VALLEY.THERE WERE DELAYS IN PAYMENTS TO SUPPLIERS, CONSTRUCTION FEES IN NEW ENERGY VEHICLE LIVING PROJECTS.IF RELEVANT PROJECTS NOT RESUMED, THERE MAY BE RISKS OVER IMPAIRMENT ON PROJECTS AND IMPACT ON LIQUIDITY.MASS PRODUCTION OF HENGCHI VEHICLES ENTERED FINAL STRETCH BUT CO STILL FACING CASH FLOW CHALLENGES.IF CO LACKS FURTHER CAPITAL IN SHORT TERM, MASS PRODUCTION TIMETABLE OF NEW ENERGY VEHICLES MAY BE DELAYED."PROACTIVELY" INTRODUCING INVESTORS, INCLUDING TALKS FOR FURTHER CAPITAL CONTRIBUTION.SEEKING SETTLEMENT OF PART OF PAYABLES TO SUPPLIERS, CONSTRUCTION FEE WITH HEALTH AND LIVING PROJECTS.

China Evergrande Expects That There Will Be A Decrease In Net Profit For Six Months

Aug 25 (Reuters) - China Evergrande Group <3333.HK>::EXPECTS THAT THERE WILL BE A DECREASE IN NET PROFIT FOR SIX MONTHS.SEES NET PROFIT IS EXPECTED TO BE BETWEEN APPROXIMATELY RMB9.0 BILLION AND RMB10.5 BILLION FOR SIX MONTHS.SEES LOSS FROM PROPERTY BUSINESS OF APPROXIMATELY RMB4.0 BILLION.SEES HY LOSS FROM CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED OF APPROXIMATELY RMB4.8 BILLION.EXPECTED DECLINE IN PROFIT IN H1 2021 DUE TO DECREASE IN SELLING PRICE OF PROPERTIES AND INCREASE IN EXPENSES.Further company coverage: 3333.HK. ((Reuters.Briefs@thomsonreuters.com;)).

Evergrande's Two Executive Directors Cut Stakes In Three Firms - HKEX Filing

Aug 20 (Reuters) - Hong Kong stock exchange filings show::EVERGRANDE'S EXECUTIVE DIRECTOR SHI JUNPING SOLD 1.0 MLN SHARES IN EVERGRANDE PROPERTY SERVICES <<<6666.HK>>> AT AVG PRICE OF HK$7.0835 ($0.9092) PER SHARE ON AUG 16 - HKEX FILING.SHI'S LONG POSITION IN EVERGRANDE PROPERTY SERVICES GROUP LIMITED AT 0.01% AFTER TRANSACTION - HKEX FILING.SHI SOLD 3.44 MLN SHARES IN HENGTEN NETWORKS <<<0136.HK>>> AT AVG PRICE OF HK$4.49 PER SHARE ON AUG 16 - HKEX FILING.SHI'S LONG POSITION IN HENGTEN NETWORKS FALLS TO 0.0% FROM 0.04% - HKEX FILING.EVERGRANDE'S EXECUTIVE DIRECTOR HUANG XIANGUI SOLD 57,500 SHARES IN CHINA EVERGRANDE NEW ENERGY VEHICLE <<<0708.HK>>> ON AUG 16 AT AVG PRICE OF HK$12.838 PER SHARE - HKEX FILING.HUANG'S LONG POSITION IN CHINA EVERGRANDE NEW ENERGY VEHICLE AT 0.0% AFTER THE TRANSACTION - HKEX FILING.

China Evergrande Notes Recent Increases In Price And Trading Volume Of Shares Of Co

Aug 10 (Reuters) - China Evergrande Group <3333.HK>::SAYS NOTED RECENT INCREASES IN PRICE AND TRADING VOLUME OF SHARES OF CO AND MANY CONFUSING NEWS ABOUT CO.IS IN DISCUSSIONS WITH SEVERAL INDEPENDENT THIRD PARTY INVESTORS ON PROPOSED SALES OF CERTAIN OF CO'S ASSETS.NO CONCRETE PLAN OR FORMAL AGREEMENT HAS BEEN DETERMINED OR ENTERED INTO.ASSETS MAY INCLUDE SALE OF PART OF STAKES IN CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP & EVERGRANDE PROPERTY SERVICES GROUP.

China Evergrande New Energy Vehicle Group Sees HY Net Loss Of Rmb4.8 Billion

Aug 9 (Reuters) - China Evergrande New Energy Vehicle Group Ltd <0708.HK>::CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LTD SAYS EXPECTED TO RECORD A NET LOSS FOR SIX MONTHS OF RMB4.8 BILLION.CHINA EVERGRANDE NEW ENERGY VEHICLE - EXPECTED RESULT DUE TO INCREASE IN RESEARCH AND DEVELOPMENT AND OTHER RELATED COSTS, AND INTEREST PAYMENTS.

China Evergrande New Energy Vehicle's Chairman Raises Stake In The Company - HKEX Filing

June 28 (Reuters) - Hong Kong stock exchange filing::CHINA EVERGRANDE NEW ENERGY VEHICLE'S <<<0708.HK>>> CHAIRMAN SIU SHAWN BOUGHT 1.94 MLN H-SHARES IN THE COMPANY AT AVG PRICE OF HK$29.76 ($3.83) PER SHARE ON JUNE 24 - HKEX FILING.SIU'S LONG POSITION IN CHINA EVERGRANDE NEW ENERGY VEHICLE RISES TO 0.25% FROM 0.23% - HKEX FILING.

China Evergrande Group's Long Position In China Evergrande New Energy Vehicle Falls To 64.98% - Filing

May 26 (Reuters) - Hong Kong stock exchange filing::CHINA EVERGRANDE GROUP'S LONG POSITION IN CHINA EVERGRANDE NEW ENERGY VEHICLE <<<0708.HK>>> DECREASED TO 64.98% ON MAY 21 FROM 67.64% - HKEX FILING.

China Evergrande Group's Long Position In China Evergrande New Energy Vehicle Falls To 64.98% - Filing

May 18 (Reuters) - Hong Kong stock exchange filing::CHINA EVERGRANDE GROUP'S LONG POSITION IN CHINA EVERGRANDE NEW ENERGY VEHICLE <<<0708.HK>>> DECREASED TO 64.98% ON MAY 13 FROM 67.64% - HKEX FILING.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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