Market Chatter: Hozon New Energy Automobile Secures Supplier Support for 2 Billion Yuan Debt-to-Equity Swap
MT Newswires Live03-28
Hozon New Energy Automobile has secured support from its suppliers for a debt-to-equity swap plan, aimed at addressing the company's 2 billion yuan debt, Yicai Global reported Thursday.
The move has been endorsed by suppliers including Contemporary Amperex Technology (SHE:300750) or CATL and Gotion High-tech (SHE:002074), the report said.
The plan is designed to facilitate the resumption of Hozon's production, according to the report
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