The logo for Evergrande Group's new-energy vehicle brand Hengchi is displayed outside a showroom in Beijing.Shares in China Evergrande New Energy Vehicle Group surged in resumed trading Monday after a potential buyer emerged.
Kenny Ng, a Hong Kong-based securities strategist at Everbright Securities International, said investors were encouraged by the idea of new ownership. According to the filing, the buyer may also provide a line of credit to support Evergrande New Energy Vehicle Group’s continuing operation.
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