Nexperia says it is not trying to harm Wingtech shareholders

Toby Sterling

Thu, April 30, 2026 astatine 9:26 AM CDT 1 min read

By Toby Sterling

AMSTERDAM, April 30 (Reuters) - Dutch machine spot shaper Nexperia BV said connected Thursday it is not seeking ‌to harm its Chinese genitor steadfast Wingtech , pursuing the ‌publication of Wingtech's 2025 yearly accounts that showed the fiscal toll an ongoing ​dispute betwixt the firms is taking.

Wingtech's yearly study showed a nett nonaccomplishment of 8.7 cardinal yuan ($1.3 billion) successful 2025 owed to an accounting nonaccomplishment of 8.95 cardinal yuan connected Nexperia aft it was revalued ‌downward to 24.38 cardinal ⁠yuan ($3.43 billion) pursuing a nonaccomplishment of control. Auditors RSM said they bash not person entree to Nexperia ⁠financial data, and fixed that Nexperia represents astir 57% of Wingtech's assets, they could not beryllium assured Wingtech's fiscal statements are correct.

"Nexperia ​has been ​providing each indispensable enactment to ​Wingtech's auditors implicit the past ‌months," Nexperia said successful a statement. "It is not our volition to harm the interests of Wingtech's shareholders."

Nexperia has been operating independently of Wingtech since October 2025, pursuing a Dutch tribunal ruling that suspended Wingtech laminitis Zhang Xuezheng arsenic Nexperia CEO, citing mismanagement concerns. ‌The Dutch authorities was the archetypal ​to intervene astatine Nexperia successful 2025, but ​later stepped backmost and ​said it is up to the companies and ‌courts to resoluteness remaining disputes.

Nexperia's connection ​on Thursday said ​Wingtech has not agreed to talks connected a resolution.

The Wingtech yearly study published April 29 showed that Xuezheng stepped down ​as president of ‌Wingtech successful January 2025, earlier the Nexperia quality began, ​but that helium continues to power the company.

($1 = 6.8380 ​Chinese yuan renminbi)

(Reporting by Toby Sterling)