US$110 billion debt


Evergrande’s EV firm jumps 60% on $3.4 bn fundraising plan

Evergrande’s EV firm jumps 60% on $3.4 bn fundraising plan

(ATF) The Hong Kong-listed electric vehicle (EV) firm set up by debt-laden property giant China Evergrande soared more than 60% during the day on Monday after it said it would bring in six Hong Kong and mainland tycoons to raise HK$26 billion (US$3.4 billion) to fund technology research and repay …

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