China Evergrande raises stake in auto business

China Evergrande (3333) has added to its stake in China Evergrande New Energy Vehicle (0708), buying 23.33 million shares at an average price of HK$28.568, involving HK$628 million.

China Evergrande's shareholding now rises from 73.78 percent to 74.03 percent.

China Evergrande New Energy Vehicle shares gained by 4.03 percent at HK$28.4.