Source: Tech – South China Morning PostWingtech Technology, the Chinese owner of chipmaker Nexperia, is facing the risk of delisting from the Shanghai Stock Exchange due to an audit failure, as the company remains embroiled in a power struggle for control of its Dutch subsidiary.
The risk was triggered after Wingtech’s auditor issued a “disclaimer of opinion”, citing restrictions in verifying the financial records of Nexperia’s overseas operations, according to a company filing to the Shanghai bourse on Wednesday.
The audit failure…Read More