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Neta Auto, once a sales leader among emerging automakers, now finds itself embroiled in a contentious battle for power and interests between its major shareholders and management team. At the heart of this controversy is a fundamental disagreement over whether the company should pursue bankruptcy reorganization or actively seek financing opportunities. This division extends to the board of directors, where differing viewpoints prevail.
A segment of shareholders holds the belief that potential investors remain interested in Neta Auto, and there exists a viable path to financing and capital restructuring. These shareholders argue that bankruptcy reorganization should not be hastily pursued. Conversely, other shareholders are staunch advocates for bankruptcy reorganization, believing it to be a necessary step towards resolving the company's financial challenges.
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