Changes in Hong Kong stocks: Evergrande Automobile (0708.HK) resumes trading and opens lower than 6%. It is expected that it will not be able to publish its annual report on time. Trading will stop from next month.
On March 30th, 0708.HK opened down more than 6% to HK $3.30, with a total market capitalization of HK $35.8 billion. Evergrande said last night that the company's board of directors is learning about Evergrande property, which mainly involves the company's sister company Evergrande property. No further inside information has been announced at this stage. The Company has applied to the Stock Exchange for the resumption of trading in the shares of the Company on the Stock Exchange with effect from 09:00 on 30 March 2022. The Company does not expect to be able to publish its audited results for the year ended 31 December 2021 on or before 31 March 2022. According to the listing rules, trading in the company's shares will be stopped at 09:00 on April 1, 2022. The company will work with the auditor to complete the 2021 audit approximately three months after the cessation of trading, publish the audited results and apply to the Stock Exchange to resume trading as soon as possible.

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