Court makes bankruptcy order against Zotye Auto’s controlling shareholder Tech-new Group
On December 24, Zotye Automobile Co., Ltd. (Zotye Auto) announced that its controlling shareholder Tech-new Group Co., Ltd. (Tech-new Group) would go into bankruptcy procedures according to the court's ruling, as Tech-new Group is insolvent and unable to continue its operation with no possibility of rescue.
Zotye Aut....
Zotye Aut....
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