Evergrande EV unit to issue fresh shares to bolster restructuring plans

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Under the terms, China Evergrande New Energy Vehicle Group (NEV) will issue an aggregate of 5.44 billion new shares in the unit for a subscription price of HK$3.84 per NEV share, pooling an amount of HK$20.89 billion ($2.67 billion).

($1 = 7.8191 Hong Kong dollars)