Di Yi Cai Jing·2026-01-13 11:49Core Viewpoint - The transaction between Lixun Precision and Wentai Technology regarding the asset transfer in India has encountered significant disputes, leading to arbitration proceedings and potential termination of the agreement [1][2]. Group 1: Transaction Dispute - Lixun Precision announced that the inability to complete the ownership transfer of assets in India is due to asset seizures and freezes, which has hindered the transaction [1]. - Wentai Technology has stated that the asset transfer has been completed except for the land, but disputes over the agreement's execution have arisen, with Lixun yet to pay the remaining transaction price of approximately 160 million yuan [1]. - Lixun has issued a notice to terminate the agreement and is seeking the return of 1.977 billion Indian Rupees (approximately 153 million yuan) already paid, along with interest [2]. Group 2: Legal Proceedings - Lixun has initiated arbitration proceedings at the Singapore International Arbitration Centre, requesting the termination of the asset transfer agreement and the return of funds [2]. - Wentai Technology claims that Lixun's termination of the agreement lacks legal basis and is pursuing legal action to enforce the contract and seek damages [3]. Group 3: Background and Context - The asset sale is part of Wentai Technology's strategy to divest its product integration business, which has faced years of losses and was recently placed on an entity list by the U.S. Department of Commerce [5]. - Wentai Technology plans to sell its assets, including those in India, for a total of 4.389 billion yuan, with other asset transfers proceeding without legal disputes [5].