Blue River (0498) exits Evergrande Vehicle (0708) crash at HK$3.23/share

In its annual report at 31-Mar-2021, Blue River held the 18.29m shares at $57.80 with an unrealised gain of $850m, so it is taking a 94.4% loss from there, or $998m. The report stated that Blue River's investment "is for trading purpose and aims to realise the gain in the future subject to market conditions". Blue River is 28.53% owned by Oshidori (0622), which also exited Evergrande Vehicle last week. Blue River also sold smaller holdings in China Evergrande (3333) and Evergrande Property Services (6666).

Organisations

Blue River Holdings Limited 藍河控股有限公司
China Evergrande Group 中國恒大集團
China Evergrande New Energy Vehicle Group Limited 中國恒大新能源汽車集團有限公司
Evergrande Property Services Group Limited 恒大物業集團有限公司
Oshidori International Holdings Limited

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