China Evergrande EV unit says trade in shares halted

(Reuters) – China Evergrande New Energy Vehicle Group said on Monday that trade in its Hong Kong-listed shares have been halted ahead of an announcement from the company.

It gave no further details.

Shares in the electric vehicle (EV) manufacturing unit of property developer China Evergrande Group fell 18.6% in the first week of 2024 after it said last Monday that plans for it to sell shares to U.S.-listed NWTN had been scrapped.

(Reporting by Donny Kwok; Editing by Edwina Gibbs)