"Wingtech Technology (600745.SH) announced that recently, its subsidiary Nexperia Semiconductor and Nexperia Semiconductor Holdings (collectively referred to as “Nexperia”) received an Order from the Dutch Ministry of Economic Affairs and Climate Policy and a ruling from the Enterprise Chamber of the Amsterdam Court of Appeal. On September 30, 2025, local time in the Netherlands, the Dutch Ministry of Economic Affairs and Climate Policy issued an Order to Nexperia, requiring that all 30 global entities under Nexperia—including its subsidiaries, branches, and offices—must not make any adjustments to their assets, intellectual property, operations, or personnel for a period of one year. Although Nexperia’s daily operations are still ongoing, the aforementioned Order and the Enterprise Chamber’s ruling will result in temporary changes/lengthening of decision-making chains and reduced flexibility in resource allocation in the short term, which may have a certain impact on operational efficiency. The company’s control over Nexperia is temporarily restricted, but its economic rights as a shareholder remain unaffected. The company’s shares and convertible bonds will resume trading from market opening on October 13, and the company’s convertible bonds (“Wingtech Convertible Bonds”) will also resume conversion."
Now I get it a bit better, looks like that Wingtech can still cash out of Nexperia but they lost their decision making power at least until the issue is solved.
