A Hong Kong exchange stock filing on Sunday stated that a share sale agreement between China Evergrande New Energy Vehicle Group,

The electric vehicle division of troubled real estate developer China Evergrande, and U.S.-listed NWTN had been called off.

According to the filing by the Chinese company, "significant uncertainties" 

Connected to the Evergrande group were the cause of the suspension of the share subscription offer.

Evergrande before claimed that investigations had been opened into the parent company,

Its founder and top officials, and that the firm's effort to restructure its debt had also failed. The Dubai-based mobility business NWTN was to receive 6.18 billion new shares from the electric vehicle subsidiary in exchange for a total payment of HK$3.89 billion ($496.72 million), 

Or HK$0.6297 per share, according to an announcement made in August.

According to the Sunday filing, trading in the shares of the China Evergrande New Energy Vehicle Group, which was halted on September 28, 

Will begin again on Monday. $1 is equal to 7.8313 Hong Kong dollars.

Disclaimer: We don,t provide any Investment advice.