Increased claim from BenQ Mobile insolvency administrator groundless, Qisda says

Qisda, formerly BenQ, has stated that the request to increase the amount of a claim from 68.9 million euro to 253 million euro from the insolvency administrator Martin Prager of BenQ's former Munich-based subsidiary BenQ Mobile GmbH, is legally groundless, and the company is delegating the litigation issue to its lawyers in Germany, according to a company filing with the Taiwan Stock Exchange (TSE).

Qisda has found that the increased claim should have originated from BenQ Mobile's payments appropriated to some of the subsidiaries of BenQ Mobile Holding B.V., a former wholly-own subsidiary of BenQ, in 2006 as account payable, and that the payments were not related to BenQ Mobile's payments to Qisda.