Wingtech faces delisting risk after audit failure in wake of Nexperia saga
Wingtech, a semiconductor company based in China, is at risk of being delisted from the Shanghai Stock Exchange after its auditor issued a "disclaimer of opinion" stemming from difficulties in verifying Nexperia's financial records abroad. In a filing made on Wednesday, the firm revealed efforts to enhance its internal management system and secure complete access to Nexperia China's data to address the audit concerns. Starting May 6, Wingtech's stock will be flagged with a delisting risk warning, and trading will be suspended if the price varies by over 5%. Should the issues not be resolved by the end of 2026, delisting may become inevitable. Additionally, trading of the stock and convertible bonds was halted for one day on Thursday, amid ongoing regulatory scrutiny related to Nexperia's acquisition of Wingtech's semiconductor division.
Key facts
- Wingtech faces delisting risk after auditor issued a disclaimer of opinion.
- Auditor cited restrictions in verifying Nexperia's overseas financial records.
- Wingtech is working to restore internal management and access Nexperia China's data.
- Delisting risk warning starts May 6; trading halts if price fluctuates over 5%.
- Issues must be resolved by end of 2026 to avoid forced delisting.
- Stock and convertible bonds suspended from trading on Thursday.
- Company filing made to Shanghai Stock Exchange on Wednesday.
- Audit failure follows Nexperia saga involving regulatory scrutiny.
Entities
Institutions
- Wingtech
- Nexperia
- Nexperia China
- Shanghai Stock Exchange
- Reuters
Locations
- Nijmegen
- Netherlands