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The Independent UK
The Independent UK
National
Via AP news wire

Chinese property firm Evergrande's EV company says its executive director has been detained

China Evergrande China electric vehicle Police
Copyright 2021 The Associated Press. All rights reserved

A top executive of China Evergrande's electric vehicle company has been detained by police in the latest sign of trouble for the world's most heavily indebted property developer.

China Evergrande New Energy Vehicle announced the detention of Liu Yongzhuo in a notice Monday to the Hong Kong Stock Exchange after its shares were suspended from trading.

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