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China's Wingtech falls after Nexperia sues for compensation

By Reuters News

** Shares of Wingtech Technology 600745.SS fall 7.2% to 11.61 yuan, on track for the biggest one-day pct decline since October 22

** Stock on course to snap three straight sessions of gains

** Dutch chipmaker Nexperia has launched legal proceedings at a Dutch court against its Chinese owner Wingtech 600745.SS and the company's founder Zhang Xuezheng, demanding compensation for damages

** Wingtech said it rejected all allegations and the damages of $2 billion it said Nexperia sought

** YTD, stock down 68.2%, while benchmark CSI300 Index .CSI300 down 13.7%

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