Shares of Wingtech Technology , parent company of chipmaker Nexperia, extended gains on Monday after Beijing agreed to further talks with a Dutch delegation, easing concerns about a global auto supply crunch.

Shanghai-listed Wingtech Technology saw its shares jump as much as 6.4% on Monday, according to LSEG data, after surging 9.7% in the final minutes of trading last Friday on signs of de-escalation in a battle over control of the Dutch-based Nexperia.

The Chinese Commerce Ministry said in a statement Sunday that it had taken steps to allow exports of certain chips from Nexperia's China facility, while urging the European Union to press the Dutch government to lift restrictions on the firm.

In a separate statement on Saturday, Beijing said that it has agreed to the Dutch

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