Zhong Guo Jing Ying Bao·2026-01-14 09:01Core Viewpoint - The ongoing dispute between Lixun Precision and Wentai Technology regarding the asset transaction in India has escalated, leading to arbitration proceedings and potential financial implications for both companies [2][5]. Group 1: Transaction Details - Lixun Precision announced the termination of the acquisition of Wentai Technology's Indian asset package due to delivery restrictions, including asset seizures and freezes, which hindered the transfer of ownership [2][5]. - The original agreement, established in March 2025, involved Lixun Precision purchasing assets from Wentai Technology for 4.389 billion yuan, with the Indian asset package valued at 311 million yuan, representing 7.09% of the total net assets [3][4]. - Wentai Technology claims that the Indian asset package has been transferred, except for land ownership, which requires cooperation from the buyer for the transfer process [3][4]. Group 2: Dispute and Arbitration - The main focus of the dispute is the payment for the Indian asset package, with Lixun Precision's subsidiary, Lixun Lintao, failing to pay the remaining 160 million yuan [4]. - Lixun Lintao has initiated arbitration proceedings in Singapore, seeking to terminate the asset agreement and recover previously paid amounts, while Wentai Technology plans to counterclaim for the remaining payment and damages [4][5]. - The complexity of the dispute is highlighted by the involvement of multiple legal jurisdictions and administrative procedures, leading to uncertainty regarding the arbitration's duration and outcome [4][5]. Group 3: Market Impact - The arbitration dispute may significantly affect Lixun Precision's ability to recover the approximately 153 million yuan already paid, as well as Wentai Technology's receipt of the remaining 160 million yuan [5]. - Both companies have indicated that the ongoing dispute will not adversely impact their normal operations or financial conditions in the short term [5]. - As of January 13, 2026, Wentai Technology's stock closed at 38.58 yuan per share, down 3.45%, while Lixun Precision's stock closed at 54.58 yuan per share, down 1.53% [5].