(AsianFin)—Shenzhen-based Hytera, a major player in China's telecommunications equipment industry, resumed sales of its two-way radio products globally following the suspension of an injunction by a U.S. federal appeals court.

The company’s share prices surge by its daily limit of 10% on Shenzhen Stock Exchange on Wednesday. Its share price reached 3.71 yuan (US $0.51), which translated to a market capitalization of 6.74 billion yuan.

The U.S. Court of Appeals for the Seventh Circuit issued a ruling on Wednesday morning, suspending an injunction imposed by the District Court for the Northern District of Illinois on April 2. This injunction had halted the sales and distribution of any products containing two-way radio technology worldwide, as reported by Hytera in a filing with the exchange.

The new court ruling takes effect immediately.

"The company will conduct close cooperation with global partners, and immediately resume normal business activities and the sales of related products," Hytera said in an official statement.

On Wednesday, Hytera's two-way radio products, including PNC360, G32, and S1, are available for sale on various Chinese e-commerce platforms such as Taobao and JD.com. A sales representative from Hytera's store on Taobao.com confirmed that consumers can now purchase all two-way radio products from their online store.

This civil litigation is a continuation of a legal saga that began in March 2017, when Motorola accused the Chinese company of infringing on trade secrets and U.S. copyrights. In February 2020, a U.S. court jury found Hytera "guilty" of infringing one or more of Motorola's trade secrets and U.S. copyrights, ordering it to pay infringement damages to Motorola.

Hytera, in turn, made a series of counterclaims against Motorola in China. From 2017 to 2022, the company filed lawsuits against Motorola in Beijing, Guangzhou, and Shenzhen. According to a recent announcement by Hytera, it was the lawsuit in Shenzhen that prompted the injunction by the District Court for the Northern District of Illinois.