Wingtech sues Nexperia for $1.18 billion over control dispute

Investing.com -- Wingtech Technology announced on Friday that it and a subsidiary have filed a lawsuit against Nexperia B.V. and five other entities, seeking 8 billion yuan ($1.18 billion) in compensation for economic losses.

A court in Guangdong province has accepted the case, according to a filing to the Shanghai Stock Exchange.

Wingtech, which owns Nexperia, said its control over the Dutch chipmaker remains restricted. The disputes started when the Dutch government took control of Netherlands-based Nexperia from its Chinese parent Wingtech last year.

You May Also Be Interested In

• Molina Healthcare to join S&P MidCap 400, Construction Partners to join S&P SmallCap 600
• Boeing Said To Seek Order For About 100 737 Max From SMBC - Bloomberg
• Graf Global to change ticker to TONT