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Neta Auto Malaysia has refuted claims circulating on social media about its parent company, Hozon Auto, going bankrupt. The company clarified that a creditor filed a bankruptcy application due to a debt dispute, a standard legal procedure. Neta Malaysia assured customers that its Malaysian operations, including sales, deliveries, and aftersales services, remain unaffected. This follows reports of Hozon Auto's financial struggles in China, including production halts and layoffs. However, Hozon Auto has reportedly secured a debt-to-equity swap with suppliers and a substantial credit line from a Thai financial institution.
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