October 4 news, Evergrande China Evergrande and Evergrande property suspension, Evergrande Automobile and Hengteng Network did not stop trading.
Evergrande Motor and Hengteng Networks moved from a decline to a further widening in the afternoon after news broke that Hesheng Ventures was planning to acquire about 51% of Evergrande Properties, which was controlled by Evergrande Properties, and that Hesheng Ventures had valued Evergrande Properties at more than HK$40 billion.
AI Financial News service was informed that Evergrande Motor rose more than 31% to HK$3.97 per share in afternoon trading, while Hengteng Networks rose more than 12% to HK$2.61 per share.
The company's early announcement is pending the publication of a transaction (acquisition of shares of a listed company on the Stock Exchange) and a possible compulsory offer by a company in connection with the hong Kong Acquisition and Merger Code for the shares of the target company.
At noon, Evergrande said it was awaiting a trading announcement on matters to be disclosed, and Evergrande Properties said it was waiting for the company to publish an announcement that would be made under the Hong Kong Company Acquisition and Merger Code and constitute inside information and a possible full offer for the company's shares.