What They Say
The Caixin newswire has reported that Royole Corp of China has had $5.3 million equivalent of assets ‘frozen’ by a local court because of ‘contract disputes’ with suppliers.
The application is reported to have been filed by four PR companies and was approved late last month.
What We Think
Again this news can’t be considered a surprise. (Royole Still in Trouble and Flexible-screen Maker Royole Delays Employee Salaries). Rather, it’s almost news that the firm still has assets to freeze! DSCC has previously reported that companies that are a bit behind in developing oxide backplanes may be sniffing around the firm’s technology and know-how in this area. (BR)
