On April 17th, it was announced that Hytera, a leading communications company, revealed that a US court ruling temporarily halted the company from globally selling products featuring two-way radio technology and imposed a daily fine of $1 million.
According to today's announcement by Hytera, the appellate court issued a ruling to suspend the enforcement of the initial court's injunction against the company's product sales and fines.
Currently, intercom products have all been restored and are available for sale on the official flagship stores of Hytera on Taobao, JD.com, and the Hytera Mall.
According to media reports, a staff member from Hainengda Securities Department stated that the company's production and operation are normal, and regular shipments have resumed as of today.
However, insiders close to Hainengda suggest that the current situation facing the company is not optimistic given the developments in the case.
Hainengda's official website introduces it as a globally-oriented private listed company headquartered in Shenzhen, China. Established in 1993, it has eight R&D centers in China, Germany, Spain, and Canada, and operates over 90 branches worldwide.
With nearly ten thousand professionals from more than 40 countries, Hainengda provides specialized products and solutions to government and industry users in over 120 countries and regions.
