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Wingtech Sues Nexperia for 8 Billion Yuan Amid Dutch Control Dispute

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Wingtech (SHA:600745) sued its subsidiary, Nexperia, and other related defendants as it sought up to 8 billion yuan in damages while demanding to regain control of the Dutch subsidiary, according to the Shanghai bourse filing on Saturday.

The chipmaker's control over Nexperia remains restricted even through the ministerial order to take full control of the unit was suspended, the company said in a filing.

The case, which is yet to be heard, was filed on Saturday at the Intermediate People's Court of Dongguan City, Guangdong Province, China.

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