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EVERG VEHICLE Plunges 30% Once as GAC Dismisses Rumor of Nansha Factory Acquisition
Recommend 15 Positive 21 Negative 19 |
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GAC GROUP (02238.HK) stated that neither the group nor its Huawang Automotive (GH) project has ever engaged in any form of discussion with EVERG VEHICLE (00708.HK) or other entities regarding the acquisition of the Nansha factory. The news dampened EVERG VEHICLE's stock price by this morning (27th), opening 14.9% lower, with the slide deepening to as much as 30% in early trading, bottoming at HKD0.145. It last stood at HKD0.158, down 24.04%, with a trading volume of 51.0803 million shares and a turnover of HKD8.0835 million. Yesterday (26th), rumors that Huawang Automotive would acquire EVERG VEHICLE’s Nansha factory fueled a surge in EVERG VEHICLE’s stock price, which at one point swelled over twofold, closing with a 74% rally. AAStocks Financial News |
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