Summary by Moomoo AI
Evergrande Group received a court order from the Nansha District People's Court of Guangzhou on November 14, 2024, due to failure to fulfill related payment obligations. The court imposed restrictions on the company and Executive Director Mr. Xu Jiayin, limiting non-essential consumption activities in high-consumption areas not related to living or work. Trading of company shares has been suspended since January 29, 2024, and will continue to be halted until further notice. Investors should exercise caution when buying or selling company securities. The liquidator stated that apart from the details mentioned in the court order, there is no other information regarding the order and matters considered by the court. Shareholders, investors, and potential investors should submit relevant information through the company website or email. For inquiries from creditors and other stakeholders, please contact the liquidator.
