Understanding the Market | EVERG VEHICLE soared nearly 170% in the afternoon as the company announced a delay in the release of its 2024 performance and will suspend trading starting April 1
EVERG VEHICLE surged over 170% in the afternoon, and as of the time of publication, it rose 168.91% to HKD 0.32, with a trading volume of HKD 14.4391 million. On the news front, EVERG VEHICLE previously announced that it would hold a board meeting on March 31 to approve the postponement of the publication of its 2024 annual performance. In accordance with listing rules, the company will apply for a suspension of trading of its shares starting April 1, pending the publication of the 2024 annual performance. It is worth noting that EVERG VEHICLE had previously announced on February 3 that the company has so far been unable to successfully find strategic investors or buyers who can help alleviate the group's liquidity issues and advance the appropriate restructuring of the group. The company also stated that, given the low and insufficient level of funds, the group cannot ensure the continuation of several services, including but not limited to the on-site audit work conducted by its auditors and other relevant professional consultants for the year ending December 31, 2024
According to Zhitong Finance APP, EVERG VEHICLE (00708) surged over 170% in the afternoon, and as of the time of writing, it rose 168.91% to HKD 0.32, with a trading volume of HKD 14.4391 million.
On the news front, EVERG VEHICLE previously announced that it will hold a board meeting on March 31 to approve the postponement of the publication of its 2024 annual performance. In accordance with listing rules, the company will apply for a suspension of trading of its shares starting April 1, pending the publication of the 2024 annual performance.
It is worth noting that EVERG VEHICLE had previously announced on February 3 that the company has not yet successfully found strategic investors or buyers who could help alleviate the group's liquidity issues and promote appropriate restructuring of the group. The company also stated that due to low and insufficient funding levels, the group cannot ensure the continuation of several services, including but not limited to the on-site audit work conducted by its auditors and other relevant professional consultants for the fiscal year ending December 31, 2024