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04 Jan
05:24

Shanghai court approves Weltmeister reorganisation plans

Bankrupted Chinese electric vehicle company Weltmeister says its reorganisation plan has been approved by a Shanghai court, indicating the company still has “potential,” Kallanish learns. In a post on Weibo on 3 January, Weltmeister announced that the Shanghai No. 3 Intermediate People’s Court accepted its application from pre-reorganisation to reorganisation and sent the civil ruling document to Weltmeister on 2 January. The original …
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