According to a filing with the Hong Kong stock exchange Friday, China Evergrande New Energy Vehicle Group’s shareholders have accepted a proposal to offload two subsidiaries in a restructuring.

The filing noted that over 50% of the votes under the EV company, a division of the debt-stricken property developer China Evergrande, which were cast at a general meeting on Friday, supported the proposal which had first been presented in late April.

On April 25th, the EV division had announced the plan, which was to transfer two debt-laden companies to a different unit under China Evergrande, as one element of the electric car company’s restructuring.

The auto division is estimated to book a $3.6 billion gain from the move, as the two companies to be transferred would hold 47 property projects altogether, according to a previous filing by the EV division.

A separate filing by the company noted that the deal will aid the EV firm to focus on the new energy vehicle segment, and it may help to improve its valuation as well as “help to attract investors to Evergrande Auto and raise funds.”

In yet another filing Friday, China Evergrande had noted that it received an enforcement notice directed at the company, its controlling shareholder Hui Ka Yan, and a subsidiary property developer, from a court in the southern Chinese city of Guangzhou.

The filing said the notice requested that Hui and Evergrande fulfil their repurchase obligation worth roughly 5 billion yuan ($700 million) after a dispute, on top of their other obligations including outstanding dividends, and liquidated damages and legal fees.

($1 = 6.9121 Chinese renminbi)