Liu Yongzhuo, Executive Director of China Evergrande New Energy Vehicle has been detained

<p>The executive director of China Evergrande New Energy Vehicle has been detained on suspicion of illegal activity. </p><p>Trading in the company's shared had been suspended. The firm has applied for a resumption of trading in shares effective 13:00 Hong Kong time (this is 0500 GMT and 0000 US Eastern time).</p>

This article was written by Eamonn Sheridan at www.forexlive.com.