China Evergrande New Energy Vehicle Group Limited 中國恒大新能源汽車集團有限公司

Oshidori (0622) buys 100m (4.27%) of H-shares of Shengjing Bank (2066), increasing stake to 12.52% for HK$700m
Company announcement, 20-Oct-2021
As this was a (huge) on-market purchase, Oshidori states that it doesn't know who sold the stock. This follows the partial sale by China Evergrande (3333) on 28-Sep-2021 of domestic shares of the bank to a local government entity, and Oshidori's exit from Evergrande Vehicle (0708) on 30-Sep-2021. Oshidori calls the "opportunity to co-invest with Shengyang Government" in the bank a "silver lining". The H-share class is 26.61% of the bank's shares, so Oshidori's increased equity stake is 3.33%.
CST (0985) sells 32.18m Evergrande Vehicle (0708) shares at $3.89/share
Company announcement, 5-Oct-2021
At 31-Mar-2021, CST held 42.18m shares at HK$57.80. In the annual report, management wrote "The Group is optimistic about the prospects of China Evergrande Vehicle in the medium to long term, subject to market conditions."
Imagi (0585) exits Evergrande Vehicle (0708) crash at $3.84/share
Company announcement, 5-Oct-2021
At least they sold 7m shares last October at an average $21.60 - but then they HODL'd the remaining 3m until yesterday! Imagi is 21.31% owned by Oshidori (0622) which also owns 28.53% of Blue River (0498). All 3 of them held shares in Evergrande Vehicle.
Blue River (0498) exits Evergrande Vehicle (0708) crash at HK$3.23/share
Company announcement, 4-Oct-2021
In its annual report at 31-Mar-2021, Blue River held the 18.29m shares at $57.80 with an unrealised gain of $850m, so it is taking a 94.4% loss from there, or $998m. The report stated that Blue River's investment "is for trading purpose and aims to realise the gain in the future subject to market conditions". Blue River is 28.53% owned by Oshidori (0622), which also exited Evergrande Vehicle last week. Blue River also sold smaller holdings in China Evergrande (3333) and Evergrande Property Services (6666).
Oshidori (0622) exits Evergrande Vehicle (0708) crash at $2.40/shareSupplemental announcement
Company announcement, 30-Sep-2021
In the 2020 Annual Report, management wrote "The investment… will bring a healthy return in the medium to long run". This was despite the SFC having warned the market that on 5-Aug-2020, the top 19 holders held 94.82% of the stock, following a rapid escalation of the price. At 31-Dec-2020, Oshidori held the stock at $30.20 (HK$4,175m), so the sale will involve a 92% comprehensive loss from that point, or $3,843m, excluding tax and expenses. Oshidori also holds 8.25% of the H-shares of Shengjing Bank (2066), in which Evergrande (3333) was the largest equity holder until last week's fire sale to an SOE.
China Strategic (0235) sells 70m shares of Evergrande Vehicle (0708) at $2.28 each
Company announcement, 29-Sep-2021
The buyer, Mr Hung Hon Man, is probably the Chairman and CEO of Get Nice (0064). At 31-Dec-2020, CS held 133.6m shares at $30.20 or $4,035m in total. Management wrote in the annual report "The Group is optimistic about the prospect of Evergrande Vehicle in the medium to long-term. Subject to market conditions, the Group presently has no intention to realise this investment." That is despite an SFC concentration warning on the stock in Aug-2020. CS presumably still holds 63.6m shares.
China Evergrande New Energy Vehicle (0708) final subscription completes
Company announcement, 9-Apr-2021
Mr Wang Kaiguo's PRC company has now funded the subscription.
China Evergrande New Energy Vehicle (0708) receives money from 5 out of 6 subscribers
Company announcement, 26-Mar-2021
2 months after the placing was announced, the share price has risen from $29.90 to $63.00 (more than double the placing price of $27.30), but one subscriber for $5bn is missing: Mr Wang Kaiguo, who was using his wholly-owned PRC company to subscribe.
China Evergrande New Energy Vehicle (0708) to issue shares to 6 subscribers for HK$26.0bn
Company announcement, 24-Jan-2021
The issue is of 952.383m shares (9.75% of enlarged) at HK$27.30 per share, including HK$3bn to Ms Chan Hoi Wan, wife of Chinese Estates (0127) controller Joseph Lau; and $3bn to Liu Ming Hui, Chairman of China Gas (0384),
Concentration warning in Evergrande Health Industry (0708)
SFC, 19-Aug-2020
The top 19 holders have 94.82%.
Cross-Harbour (0032) coughs up details of investments
Company announcement, 27-Sep-2018
This follows a complaint to SEHK by Webb-site. It emerges that the company at 30-Jun-2018 held HK$584.2m of shares in China Evergrande (0333) and HK$396.1m of shares in Evergrande Health (0708). Other investments of HK$1903m remain unidentified.
Concentration warning in Evergrande Health (0708)
Company announcement, 21-Aug-2015
We would add that the NAV per share at 31-Dec-2014 was $0.528 (or $0.0528 after the forthcoming 10:1 split). At the closing price on 21-Aug-2015 of $16.08, the stock is valued at 30.5x NAV.
The paid advert opposing the blackout rule
With links to the signatories in Webb-site Who's Who. (29-Dec-2008)

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