* ST Wingtech: Dutch Corporate Court Rules That the Company Allows NXP Semiconductors to Contact Market Entities
2026-11-15 18:00:44
According to CoinMeta, * ST Wingtech announced that its overseas subsidiary NXP submitted an application for additional temporary measures to the Amsterdam Court of Appeal in the Netherlands. On November 11, 2026, the court ruled that the company, Yucheng Holdings, and NXP China should respect the duties of the administrator, permitting NXP Semiconductors and the administrator to conduct market research and withdraw some of the litigation claims within China. The maximum fine for violating the ban is 300 million euros. The company firmly opposes this ruling, believing it has no factual basis. It has already hired a legal team for a comprehensive assessment and will file an appeal with the local Dutch courts within the statutory time limit.
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Source:Jin10 Data
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