China Evergrande Faces Delay: NEV Circular Postponed

China Evergrande New Energy Vehicle has announced a delay in the preparation and finalization of an important circular. This document, initially scheduled for release by June 30, will now be postponed to a date no later than July 30.

The circular addresses ongoing connected transactions, which include services like green landscaping, procurement of materials, and the sale of new energy vehicles (NEVs). These transactions are crucial for the company's operational and strategic positioning in the competitive new energy vehicle market.

Further updates and details about these developments in China Evergrande's NEV sector are expected to maintain investor interest and market anticipation.

(With inputs from agencies.)