On the evening of November 3, Xinke Mobile (688387) announced that its wholly-owned subsidiary, Datang Mobile, has filed a lawsuit with the Haidian District Court in Beijing regarding a technical cooperation development contract dispute with Spreadtrum Communications (Shanghai) Co., Ltd. (referred to as "Spreadtrum Company") and applied for property preservation. The main content of the lawsuit request is to request Spreadtrum Company to pay Datang Mobile a total of 680.5 million yuan for the base royalty fees, high-level protocol stack royalty fees, and liquidated damages from January 1, 2013, until the actual payment date. Datang Mobile received the Civil Ruling from the Haidian District Court on November 1 in support of its property preservation application. The lawsuit has not yet been heard in court.
信科移动:子公司提起重大诉讼并申请财产保全
Xinke Mobile: Subsidiary files major lawsuit and applies for property preservation.
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