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Neta Malaysia refutes principal company bankruptcy reports, says all local operations are unaffected

  • Neta's parent company, Hozon Auto, refuted bankruptcy claims made by a creditor, stating it was a routine legal procedure.
  • Neta Auto Malaysia assured that all local operations, including sales and after-sales services, are unaffected by the reported bankruptcy.
  • Despite facing mounting debt and production halts, Neta remains focused on expanding its sales and service network in Malaysia.
  • Speculation about an acquisition by Toyota was denied, while Neta's distributor in Malaysia expresses trust in the brand's long-term prospects.

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