Newly assembled electric buses and vans are unveiled at an FDG plant in China’s Kunming city, in this file photo from November 8, 2014. Business has worsened recently, amid an economic slowdown in China as well as a scale back in government subsidies. Photo: Imaginechina

Li Ka-shing files bankruptcy petition against Chinese electric carmaker chief after HK$341.8 million investment stalls

  • Li’s investment in Hong Kong-listed FDG Electric Vehicles has shrunk by more than 40 per cent in value
  • Stock of We Solutions, another firm Li has invested in, drops 1.1 per cent on Monday
Topic |   Li Ka-shing

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Newly assembled electric buses and vans are unveiled at an FDG plant in China’s Kunming city, in this file photo from November 8, 2014. Business has worsened recently, amid an economic slowdown in China as well as a scale back in government subsidies. Photo: Imaginechina
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