With a 27.50% stake, Evergrande received an investment of US $500 million from NWTN, a green travel technology company.

Thanks to CTOnews.com netizens, Digital Whale, West window for the delivery of clues about the past! CTOnews.com August 14, Evergrande Motor (0708.HK) issued an announcement that it received a strategic investment of about US $500m (CTOnews.com Note: about RMB 3.63 billion) from Dubai-based Nadaq:NWTN, which holds about 27.50% of the issued shares with a total consideration of HK $3889723903 (about US $500 million), which means the subscription price for each subscription share is HK $0.6297.

It is understood that NWTN Group has signed a transitional financial support agreement with Evergrande New Energy vehicles. if the prerequisites in the agreement are met, the fund provider shall provide interest-free and guaranteed transitional funds with a total amount of 600 million yuan to the fund recipient in three equal amounts for Evergrande's R & D, production and sales business.

On August 14, Evergrande's public shareholding was 41.39%. After the debt-to-equity swap is completed, the company's public shareholding will fall to about 31.08 per cent. After delivery, the subscriber will become the core connected person of the company, holding a total of about 27.50% of the issued shares. Immediately after the settlement, the company's public shareholding was about 22.53%.