Di Yi Cai Jing·2026-01-13 09:05Core Viewpoint - The dispute between Wentech Technology and Luxshare Precision regarding the transfer of the Indian business asset package has escalated, with Luxshare refusing to pay the remaining transaction price of approximately 160 million yuan and demanding the return of previously paid amounts [1][3]. Group 1: Dispute Details - Wentech Technology announced that the transfer of the Indian business asset package has been completed, with only the land ownership transfer pending cooperation from the transaction partner [1]. - Luxshare Precision has requested arbitration to terminate the "Indian Asset Agreement" and to be exempted from its obligations under the agreement, while also demanding the return of approximately 1.977 billion Indian Rupees already paid [3]. - Wentech Technology is actively pursuing legal action to compel Luxshare to fulfill the contract and pay the remaining transaction price, citing that Luxshare's claims lack factual and legal basis [3]. Group 2: Financial Context - Wentech Technology has reported multiple instances of unpaid amounts related to the Indian asset transaction, including a remaining equity payment of 70 million yuan and a transaction tail payment of 160 million yuan [4]. - The company's main business, which included product integration and semiconductor operations, has faced significant challenges, leading to a strategic exit from the product integration business due to years of losses and being placed on the U.S. Entity List [4]. - The revenue from Wentech's product integration business has drastically declined from 15.73 billion yuan in Q3 2024 to 110 million yuan in Q3 2025, with net profit primarily derived from major asset sales [5]. Group 3: Semiconductor Business Challenges - Wentech's semiconductor assets, primarily acquired at a cost exceeding 30 billion yuan, are under threat due to a freeze on assets imposed by Dutch authorities, limiting the company's control over its semiconductor operations [5][6]. - The Dutch court has implemented emergency measures affecting the management of the semiconductor subsidiary, including suspending key executives and halting operations in China [6]. - Wentech has indicated that if control over the semiconductor assets is not restored by the end of 2025, the company may face risks related to revenue, profit, and cash flow [6].