Shanzi Gaoke Opens Limit-Up as Hozon New Energy Restructuring Advances

On September 14, Shanzi Gaoke opened limit-up, rising 10.04%, with call auction turnover exceeding RMB 98.97 million.

The restructuring of Hozon New Energy, parent of Neta Auto, has seen new progress. Zhejiang Taiyi Shenglian plans to invest RMB 3 billion in exchange for approximately 70.62% of Hozon New Energy's equity. Taiyi Shenglian is an entity affiliated with Ye Ji, chairman of Shanzi Gaoke.

Ye Ji currently heads two listed companies and has personally been subject to consumption restrictions on multiple occasions.