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Nezha Auto Faces Eviction from New Shanghai Office, Expected to Announce Disposition Plan by June-End
2 day ago /
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Author：小编
On June 12, Nezha Auto's newly occupied Shanghai office stood empty, with a notice of eviction prominently displayed. The company had barely settled in for a week when it encountered a salary dispute involving departing staff. In response, Nezha Auto has instituted a work-from-home policy for its employees, and its CEO, Fang Yunzhou, has relocated to Tongxiang. The company affirmed that a disposition plan had been formulated as early as late May to early June, with an initial release date set for the end of June, although this timeline may be subject to adjustment. Nezha Auto also revealed that it has reduced its debt burden through "debt-for-equity swaps," though financing arrangements have yet to be finalized.
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