Wingtech says it will ‘exhaust all legal means’ to restore Nexperia control

BEIJING, Feb 11 (Reuters) – Chipmaker Nexperia’s Chinese ‌owner Wingtech on ‌Wednesday said it would continue ​to “exhaust all legal means to restore the company’s full control ‌over Nexperia,” ⁠according to a filing to the ⁠Shanghai stock exchange.

A Dutch court earlier ​on Wednesday ​ordered ​an investigation ‌into mismanagement at Nexperia BV and upheld an October decision to suspend former CEO ‌Zhang Xuezheng, the ​founder of ​Nexperia’s ​Chinese parent ‌Wingtech.

Wingtech’s control over Nexperia “remains ​restricted,” ​the company said in the filing.

(Reporting ​by ‌Xiuhao Chen and Ryan ​Woo. Editing by ​Jane Merriman)