By Summer Zhen
HONG KONG, Jan 1 (Reuters) - A share sale plan between China Evergrande New Energy Vehicle Group 0708.HK, the electric vehicle arm of property developer China Evergrande 3333.HK, and U.S.-listed NWTN NWTN.O has lapsed, according to a Hong Kong stock exchange filing on Monday.
As party agreed on the extension of the long stop date, which is the last day of 2023, Evergrande New Energy Vehicle said the share subscription and loan conversion subscription agreement by NWTN are longer valid.
In an announcement in August the electric vehicle subsidiary said it had agreed to issue 6.18 billion shares to Dubai-based mobility company NWTN for a total HK$3.89 billion ($498.2 million).
($1 = 7.8086 Hong Kong dollars)
(Reporting by Summer Zhen; Editing by Jan Harvey)
((summer.zhen@thomsonreuters.com; 852-3462-7739;))