litigation
confidence high
sentiment positive
materiality 0.65
WeTrade secures preliminary injunction against purported shareholders Zheng Dai, Pijun Liu
Next Technology Holding Inc.
- Preliminary injunction entered Jan 5, 2024, restrains Zheng Dai, Pijun Liu, Lina Jiang from claiming to act for company.
- Restricted actions include: contacting SEC/Nasdaq, changing board, issuing shares, disseminating false statements, contacting service providers.
- Plaintiffs withdrew opposition; court order based on forged signatures and fabricated materials alleged.
- Company controlled by board: Lichen Dong (Chairman), Lim Kian Wee, Mahesh Thapaliya, Jianbo Sun.
- WeTrade will pursue damages for interference and bad-faith lawsuit.