Accdg to this douyin news, the indian claim of Highly willing to transfer tech and small shareholdong, was "not true" accdg to Highly. See attached snapshot.google translated.
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Subject article from india(?)
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Though highly seem to have plant in lndia?
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lndia seem to be promoting this narrative
Recently, our company has noticed false rumors on the Internet that "Haili Group has established a joint venture with a company in a certain country and transferred air conditioning compressor technology to it." In order to avoid misleading the public and investors and maintaining market order, our company clarifies the following: As of now, Haili Group and its subsidiaries have not reached joint venture cooperation or technical cooperation with any overseas company on the air-conditioning compressor business, nor have they reached an agreement or signed relevant documents on the aforementioned matters.
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Subject article from india(?)
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Though highly seem to have plant in lndia?
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lndia seem to be promoting this narrative
India-China electronics firms turn to tech tie-ups as JV rules delay deals
With regulatory curbs stalling Chinese investments in India, electronics firms like Voltas and PG Electroplast are exploring technology partnerships
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