Group 1 - The core point of the article is that Luxshare Precision (立讯精密) has terminated its acquisition of assets from Wentech Technology (闻泰科技) due to significant delivery obstacles, including asset seizures and freezes, which prevent the completion of ownership transfer [1] - Luxshare's subsidiary, Luxshare Lanto India Private Limited, has filed for arbitration with the Singapore International Arbitration Centre to terminate the asset transfer agreement and seek the return of the transaction price and other fees totaling INR 1.977 billion (approximately RMB 153 million) [1] - The termination of this transaction is not expected to adversely affect the company's normal production operations and financial status [1] Group 2 - The acquisition aimed to expand Luxshare's partnerships beyond its major client, Apple, as Luxshare has been supplying various products to Apple for over a decade [2] - As of January 13, Luxshare's stock price decreased by 1.53% to RMB 54.58 per share, with a total market capitalization of RMB 397.7 billion, while Wentech's stock fell by 3.45% to RMB 38.58 per share, with a total market capitalization of RMB 48 billion [4]
立讯精密终止收购印度闻泰资产,要求退还1.5亿元