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ZOTYE has stopped the disposal of certain idle fixed assets and debt restructuring matters of its subsidiaries
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ZOTYE announced that the company's board of directors has decided to stop the disposal of certain idle fixed assets and debt restructuring matters of its wholly-owned subsidiary Zhejiang Shenkang Automotive Mould Co., Ltd. Previously, the company had planned to sell some idle production lines and equipment to creditor Shenzhen Lixun Industrial Co., Ltd., and had signed a debt restructuring agreement. This decision was made based on the company's operational and strategic development needs
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