Neta Team
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Neta reportedly strikes deal to turn some creditors into shareholders
Neta has struck a debt-for-equity swap deal with 134 core suppliers worth more than 2 billion yuan ($275 million) in preparation for resuming production, according to local media.
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Neta reportedly downsizing directly operated stores, retaining dealer outlets
Neta is restructuring its channel system and will gradually close down directly-managed stores and retain dealer stores, according to local media.
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Financially troubled Neta gets relief from local government support
A business entity of the Nanning city government will provide Neta with supply chain financial support for raw material sourcing, production, logistics, and export.
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Neta making massive layoffs, report says
One insider said Neta's layoffs could reach up to 70 percent, while another said the percentage varies by division and is not that high overall.
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Former Goldman Sachs banker joins Neta to facilitate IPO efforts
Former Goldman Sachs managing director Pan Deng has joined Neta as its new CFO to head the IPO of the brand's parent company Hozon.
