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Nezha Automobile's 'Debt-to-Equity Swap' Initiative Collapses as New Investors Insist on Founder Fang Yunzhou's Removal as a Funding Prerequisite
2025-05-29 /
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Author：小编
Nezha Automobile's attempt at a 'Debt-to-Equity Swap' has faltered, managing to address only a fraction of its total debt of approximately 6 billion yuan, with a mere 2 billion yuan resolved. As a condition for further capital injection, new investors have insisted on the ouster of the company's founder, Fang Yunzhou. Consequently, Fang Yunzhou's equity worth 20 million yuan has recently been frozen.
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