Ju Chao Zi Xun·2026-01-13 03:05Core Viewpoint - The dispute between Wentech Technology and Luxshare Precision regarding the asset sale of Wentech's Indian subsidiary has escalated to arbitration, raising market concerns about the transaction's implications and the company's financial outlook [2][3] Group 1: Asset Sale Details - Wentech Technology initiated a significant asset sale in March 2025, intending to transfer multiple assets, including 100% equity of Kunming Wenshin Industrial Co., Ltd. and related business assets in India, to Luxshare Precision and Luxshare Communications [2] - As of the announcement date, most of the assets involved in the transaction had completed ownership transfer procedures, with only the Indian land remaining pending cooperation from the buyer [2] Group 2: Payment Dispute - A payment dispute arose concerning the remaining transaction amount of approximately 160 million RMB owed by Luxshare to Wentech, which has not been paid despite multiple written reminders [2] - Luxshare unilaterally claimed to terminate the agreement on December 16, 2025, further complicating the situation [2] Group 3: Arbitration Proceedings - Luxshare has filed for arbitration at the Singapore International Arbitration Centre, seeking to terminate the asset agreement, relieve itself of performance obligations, and demand the return of approximately 1.977 billion Indian Rupees already paid, along with interest and arbitration costs [3] - Wentech plans to respond legally, preparing documents to counter Luxshare's claims and demanding the continuation of the agreement and payment of the remaining transaction amount [3] Group 4: Legal and Financial Implications - The arbitration only pertains to the Indian business asset package, with other assets already delivered and not subject to litigation [3] - The case involves complex cross-border legal issues, leading to uncertainty regarding the duration of the arbitration process and the potential financial impact on Wentech [3]