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Gree Titanium Asserts Guangtong Automobile's Equity Freeze Resulting from Unauthorized Guarantees by Former De Facto Controller
2025-06-16 /
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Author：小编
Gree Titanium New Energy has announced that the 100% equity it holds in Zhuhai Guangtong Automobile has been frozen by the court, effective from June 4, 2025, to June 3, 2028. This measure stems from unauthorized guarantees provided in 2015 by Wei Yincang, the former de facto controller of the company, who allegedly misappropriated the official seal and acted without approval. Gree Titanium vows to pursue legal action and underscores that the company's operations remain unaffected and currently normal.
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