Asia
Zotye Automobile Faces 15.4-Million-Yuan Contract Dispute Lawsuit
Zotye Automobile (SHE:000980) is facing a lawsuit regarding a contract dispute filed by Shenzhen Xinjin Trading arising from a creditor's rights transfer.The plaintiff seeks repayment of 15.4 million yuan in principal plus about RMB 310,567 yuan in interest, along with litigation costs, according to a Thursday filing with the Shenzhen bourse.Shares of the car manufacturer closed 7% lower Thursday.
SHE:000980
