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Nezha Auto Secures Supplier Backing for Debt-to-Equity Swap, Uniting for Work Resumption
2025-03-25 /
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Author：小编
Nezha Auto has recently concluded a landmark debt-to-equity agreement totaling over RMB 2 billion with 134 key suppliers. Concurrently, the company has secured a strategic credit line of approximately RMB 2.15 billion from Thai financial institutions. Under the terms of the agreement, Nezha intends to convert 70% of its outstanding supplier debt into equity in its parent company, Hozon Auto, with the remaining 30% to be settled in cash. This strategic move aims to expedite the financing process and foster a collaborative environment for the resumption of work and production.
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