Foreign Media: China's courts have recently frozen part of the assets of Dutch chip company Nexperia and its equipment subsidiary, with the involved amount reaching up to approximately 2.14 billion RMB.
This move stems from a dispute between Nexperia's Chinese parent company, Wintec Technologies, and Dutch authorities over corporate control. Last year, the Dutch government intervened in Nexperia's management on grounds of technological and asset leakage risks, suspending Wintec Technologies' voting rights and appointing an independent body to oversee operations. Subsequently, Sino-Dutch relations deteriorated, and Nexperia’s Chinese business was briefly affected by export restrictions. The current asset freeze covers equity stakes in several companies operated by Nexperia in China and its Wuxi equipment business, with validity extending until 2029.
Wintec Technologies has also demanded compensation of 800 million RMB, accusing Dutch restrictions of damaging its interests. However, the freezing of assets will not immediately alter Nexperia’s management structure, nor will it resolve the long-standing ownership disputes between the two parties.
Original source: toutiao.com/article/1875048751115264/
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