Wingtech Hasn’t Fully Regained Control of Nexperia Despite Dutch Gov’t Lifting Order, Chinese Firm Says
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Wingtech Technology has not fully regained control of Nexperia despite the Dutch government lifting intervention measures. A Dutch court order from Oct. 7 still restricts Wingtech's governance rights over Nexperia. The order included removing Wingtech's founder as an executive director and entrusting Nexperia shares to a third party. Wingtech is seeking legal remedies to protect its interests. Nexperia's revenue was CNY14.7 billion last year, and Wingtech's shares have been volatile due to these events.
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