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RTNominal down3.940 -0.120 (-2.956%)

23/09/2021 10:06

China Strategic proposes to sell Evergrande Vehicle shares

[ET Net News Agency, 23 September 2021] China Strategic Holdings Limited (00235) said
it proposes to seek approval for the disposal mandate from the shareholders at the EGM in
advance to allow the directors to dispose of up to 133,600,000 Evergrande Vehicle shares,
representing approximately 1.37% of the total number of issued shares of Evergrande
Vehicle, during the mandate period.
Having regard to the recent significant price fluctuations of the Evergrande Vehicle
shares, the board decided to restructure its investment portfolio and to solidify the
financial and cash position of the group. (RC)

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