-- BYD (SHE:002594, HKG:1211) saw its removal by a Brazilian judge from a government blacklist of companies accused of employing workers under slave-like conditions, Reuters reported Thursday.
The injunction suspends the Chinese electric vehicle maker's listing until a final ruling, according to the report.
The judge called the inclusion possibly illegal, noting that authorities wrongly treated BYD as the direct employer, Reuters wrote.
BYD landed on the list over a 2024 case involving a contractor that allegedly forced 163 workers to surrender passports, redirect wages to China and pay a $900 deposit, according to the report.
Shares of the company rose 3% in recent trade on the Shenzhen bourse and 2% on the Hong Kong bourse.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)