Wingtech faces delisting risk after audit failure in wake of Nexperia saga
Wingtech says it is working to restore its internal system and gain full access to Nexperia China’s data to solve the audit issues
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.
In the Wednesday filing, Wingtech said it was working to restore its internal management system and gain full access to Nexperia China’s data to solve the audit issues.
In a statement to the South China Morning Post on Thursday, Nexperia said it had provided “all necessary support to Wingtech’s auditors” and that those efforts had been “positively acknowledged”. It added that it had no intention of harming the interests of Wingtech’s shareholders.
Wingtech’s stock will be subject to a delisting risk warning starting May 6, after which trading will halt if the price fluctuates more than 5 per cent, according to the latest filing. The company could be forced to delist from the exchange if the issues are not resolved by the end of 2026.
