Evergrande’s $500 million EV share deal suspended, stock to resume trading

A share sale plan between China Evergrande New Energy Vehicle Group, the electric-vehicle arm of embattled property developer China Evergrande and US-listed NWTN has been halted, according to a Hong Kong bourse stock filing on Sunday. The suspension of the share subscription deal was due to “significant uncertainties” tied to the Evergrande group, the filing by the Chinese firm said.