China Tower announced it was reported that a company named Zhongsen Tower is subordinate to a division of China Tower Holdings, and it has entered into a deal with Ideonomics Inc.
In response, China Tower clarified: China Tower Holdings mentioned in the report is not our company and has no relationship with our company. Zhongsen Tower is not a subsidiary or associated company of our company, nor does our company hold any interest in it. To the best of our knowledge, we do not have any relationship or partnership with Zhongsen Tower.
China Tower said it would reserve the right to take any further legal action.