China Evergrande’s electric car unit says vice chairman detained, stock slides

Open this photo in gallery: Police vehicles parked outside the headquarters of the Zhongzhi Enterprise Group Co., in Beijing, on Jan. 8.Andy Wong/The Associated Press

China Evergrande New Energy Vehicle Group said on Monday its Vice Chairman Liu Yongzhuo has been detained and is under criminal investigation, sending its stock tumbling and marking another setback after a share sale plan was scrapped.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.