Pylontech Chairman Released From Detention

MT Newswires Live

2024/11/18

Authorities in China's Yongqing County, released Wei Zaisheng, the chairman of Pylon Technologies (SHA:688063) or Pylontech, from detention, according to a Shanghai Stock Exchange filing on Sunday.

The filing did not mention the reason for Wei's detention.

Wei will return to his duties as chairman for the energy storage system manufacturer, the filing said.

The company's shares closed 4% lower.

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