Everg vehicle (00708) fell nearly 12%, after surging over 60% in the previous session. As of the time of publication, it fell 11.96% to HKD 0.405 with a turnover of HKD 16.5788 million.
According to the financial news app, on the previous trading day, everg vehicle (00708) rose more than 60% before falling nearly 12%. According to brokerage sources cited by the media, the sharp rise in the stock price of Everg vehicle was still due to the impact of the previous announcement of the third-party acquisition of shares. The specific situation needs to wait for Everg vehicle to issue an official announcement. As of the time of publication, it fell 11.96% to HKD 0.405 with a turnover of HKD 16.5788 million.
On May 26th, Everg vehicle announced that its 3.145 billion potential shares for sale (about 29.0% of the total issued shares) will be immediately acquired, and that its 3.203 billion potential shares for sale (about 29.5% of the total issued shares) will become the target of a certain period of exercise options for the potential buyer after the date of the purchase and sale agreement. The potential buyer will provide credit to the company to support the continued operation and development of the Group's electric vehicle business.
It is worth noting that on June 11th, Everg vehicle announced that it had received two relevant notices from local government departments, one requiring Everg vehicle and its affiliated companies to return a total of CNY 1.9 billion in incentives and subsidies, and the other calling for the suspension of production, sales, and rectification of its main factory in Tianjin, which is responsible for the operation of the Group's electric vehicle business. Everg vehicle's 2023 financial report shows that as of December 31, 2023, Everg vehicle's cumulative losses amounted to CNY 1108.41 billion, and as of the end of 2023, its total assets amounted to CNY 34.851 billion, with total liabilities of CNY 72.543 billion.