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The Newton Group subscription agreement is invalid, and Evergrande Automobile is facing a heavy blow!

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On the evening of January 1, 2024, it was announced on the Hong Kong Stock Exchange that the Newton Group share subscription agreement and debt-to-equity swap subscription agreement have expired on December 31, 2023! Evergrande Automobile's total assets are 42.852 billion yuan, total liabilities are 75.692 billion yuan, and net assets are -32.84 billion yuan!

The Newton Group subscription agreement is invalid, and Evergrande Automobile is facing a heavy blow!

Evergrande Automobile recently announced that its share subscription agreement and debt-to-equity swap subscription agreement with Newton Group have expired, which caused an uproar in the market. According to the announcement, the Newton Group subscription agreement and the debt-to-equity swap subscription agreement have expired on December 31, 2023, which means that Newton Group no longer has the right to subscribe for Evergrande Automobile's shares. This news is undoubtedly a heavy blow to Evergrande Automobile.

The Newton Group subscription agreement is invalid, and Evergrande Automobile is facing a heavy blow!

The news immediately attracted strong attention from the market. Evergrande Automobile has always attracted the attention of the market, and its layout and development in the automotive industry have always attracted much attention. The invalidation of the Newton Group's subscription agreement has undoubtedly cast a shadow on the company's development. Evergrande Auto's share price also fell rapidly after the news, and investors were full of worries about the company's future development.

There is also various speculation in the market about the lapse of the Newton Group subscription agreement. Some believe that this may be due to disagreements between the two parties in the course of cooperation, which led to the failure of the final agreement. Others believe that this may be due to changes in the market environment, which led Newton Group to change its investment plan in Evergrande Automobile. Whatever the reason, this news undoubtedly brought a heavy blow to Evergrande Automobile.

For Evergrande Automobile, this is undoubtedly a big challenge. The company's development in the automotive industry has always been in the spotlight, and the invalidation of the Newton Group's subscription agreement undoubtedly casts a shadow on the company's future development. For the company, how to deal with this unexpected situation will be a serious test. Companies need to carefully analyze the changes in the market, readjust their development strategies, and find new partners to meet the challenges of the future.

At the same time, investors also need to re-evaluate the future development of the company. Evergrande Automobile has been attracting market attention in recent years, and its layout and development in the automotive industry have attracted much attention. The invalidation of the Newton Group subscription agreement has undoubtedly cast a shadow on the company's future development. Investors need to carefully analyze the company's development prospects, re-evaluate investment risks, and make informed investment decisions.

The Newton Group subscription agreement is invalid, and Evergrande Automobile is facing a heavy blow!

Overall, the invalidation of the Newton Group subscription agreement is undoubtedly a heavy blow to Evergrande Automobile. For the company, how to deal with this unexpected situation will be a serious test. Companies need to carefully analyze the changes in the market, readjust their development strategies, and find new partners to meet the challenges of the future. For investors, they also need to re-evaluate the company's future development, re-evaluate investment risks, and make informed investment decisions. It is hoped that Evergrande Automobile can get through this difficult period as soon as possible, regain its strength and meet the challenges of the future.