On January 11, NVC Lighting held a board meeting and operator meeting in Shenzhen. At the meeting, NVC Lighting Board officially re-appointed Wu Changjiang as the CEO, and its return to the board of directors was also taking legal proceedings. Wu Changjiang regained control of NVC lighting to end the struggle between the employer and the management.
Wu Changjiang resigned from all positions
On May 25, 2012, NVC Lighting announced that Wu Changjiang resigned as chairman, executive director and CEO and all positions of the company for personal reasons. Safran Asia's chairman of the company, Schneider Electric's Zhang Kaipeng took over as CEO.
However, NVC's internal and external support for Wu Changjiang is very strong. Factory employees are on strike, and workers, dealers and suppliers have joined forces to strongly demand the return of Wu Changjiang.
In September 2012, the employer and the management temporarily reached a compromise, and Wu Changjiang returned to NVC Lighting as the head of the temporary operation committee. In November, Zhang Kaipeng, CEO and member of the Provisional Operations Committee, announced his resignation.
Now Wu Changjiang is once again the CEO, and returning to the board of directors is just around the corner. Wu Changjiang said in an interview with the media that returning to the company's board of directors is only a matter of time.
At present, there are four non-independent directors of NVC Lighting, namely, Yu Helin, who is based in Safran Asia, Zhu Hai, who is stationed by Schneider Electric, and Mu Yu, the management representative of NVC Lighting. The former three are non-executive directors. Only Mu Yuyi is an executive director, and he is also regarded as Wu Changjiang’s “嫡â€.
Turning Dehao Runda into the NVC lighting
While appointing Wu Changjiang as CEO, Wang Donglei, chairman and president of Xerox Lighting's largest shareholder, Dehao Runda, will also serve as executive director of NVC Lighting. Dehao Runda is a foreign aid that Wu Changjiang has drawn into the stalemate during his struggle with Yan and others.
On December 27, 2012, Dehao Runda issued a statement saying that NVC Inc., a wholly-owned subsidiary of Wu Changjiang, transferred approximately 373 million shares of NVC Lighting to DHL Runda, representing approximately 11.81 of the issued share capital of NVC Lighting. %. In addition, DHL Runda has already purchased 260 million shares of NVC Lighting in the on-market and off-exchange transactions in Hong Kong. The shareholding ratio of Dehao Runda is 20.05%, which is the first NVC lighting. A major shareholder. At the same time, Dehao Runda will also issue additional shares to the major shareholder Wuhu Economic Development Zone Investment and Development Co., Ltd. and Wu Changjiang, and Wu Changjiang will become the second largest shareholder of Dehao Runda. As a result, Wu Changjiang and Dehao Runda achieved a joint effort, and Dehao Runda clearly expressed its support for Wu Changjiang to return to the NVC lighting board.
The new appointment of the child will take effect after the announcement
Wang Donglei, chairman of Dehao Runda, recently revealed that Wu Changjiang has regained the qualifications of NVC, and Wu himself must actively cooperate with DHL Runda to improve the governance and standardization of the board of directors. Replacement with the LED chip Shangdehao Runda shares, advancing toward the LED upstream, which is also regarded as Wu Changjiang's decision to make an earth-shattering "gamble".
For the new CEO, NVC Lighting Brand Minister Chen Yifei told reporters that the new CEO resolution was only announced internally at the meeting. After the resolution was approved by the Hong Kong Stock Exchange, the announcement was issued.
If Wu Changjiang regains control of NVC lighting, the prolonged infighting will come to an end, which is good news for the stock price of the company that has been hit hard. On the afternoon of January 11, NVC Lighting issued a suspension notice, and the stock stopped trading at 1 pm on the 11th.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
Wu Changjiang resigned from all positions
On May 25, 2012, NVC Lighting announced that Wu Changjiang resigned as chairman, executive director and CEO and all positions of the company for personal reasons. Safran Asia's chairman of the company, Schneider Electric's Zhang Kaipeng took over as CEO.
However, NVC's internal and external support for Wu Changjiang is very strong. Factory employees are on strike, and workers, dealers and suppliers have joined forces to strongly demand the return of Wu Changjiang.
In September 2012, the employer and the management temporarily reached a compromise, and Wu Changjiang returned to NVC Lighting as the head of the temporary operation committee. In November, Zhang Kaipeng, CEO and member of the Provisional Operations Committee, announced his resignation.
Now Wu Changjiang is once again the CEO, and returning to the board of directors is just around the corner. Wu Changjiang said in an interview with the media that returning to the company's board of directors is only a matter of time.
At present, there are four non-independent directors of NVC Lighting, namely, Yu Helin, who is based in Safran Asia, Zhu Hai, who is stationed by Schneider Electric, and Mu Yu, the management representative of NVC Lighting. The former three are non-executive directors. Only Mu Yuyi is an executive director, and he is also regarded as Wu Changjiang’s “嫡â€.
Turning Dehao Runda into the NVC lighting
While appointing Wu Changjiang as CEO, Wang Donglei, chairman and president of Xerox Lighting's largest shareholder, Dehao Runda, will also serve as executive director of NVC Lighting. Dehao Runda is a foreign aid that Wu Changjiang has drawn into the stalemate during his struggle with Yan and others.
On December 27, 2012, Dehao Runda issued a statement saying that NVC Inc., a wholly-owned subsidiary of Wu Changjiang, transferred approximately 373 million shares of NVC Lighting to DHL Runda, representing approximately 11.81 of the issued share capital of NVC Lighting. %. In addition, DHL Runda has already purchased 260 million shares of NVC Lighting in the on-market and off-exchange transactions in Hong Kong. The shareholding ratio of Dehao Runda is 20.05%, which is the first NVC lighting. A major shareholder. At the same time, Dehao Runda will also issue additional shares to the major shareholder Wuhu Economic Development Zone Investment and Development Co., Ltd. and Wu Changjiang, and Wu Changjiang will become the second largest shareholder of Dehao Runda. As a result, Wu Changjiang and Dehao Runda achieved a joint effort, and Dehao Runda clearly expressed its support for Wu Changjiang to return to the NVC lighting board.
The new appointment of the child will take effect after the announcement
Wang Donglei, chairman of Dehao Runda, recently revealed that Wu Changjiang has regained the qualifications of NVC, and Wu himself must actively cooperate with DHL Runda to improve the governance and standardization of the board of directors. Replacement with the LED chip Shangdehao Runda shares, advancing toward the LED upstream, which is also regarded as Wu Changjiang's decision to make an earth-shattering "gamble".
For the new CEO, NVC Lighting Brand Minister Chen Yifei told reporters that the new CEO resolution was only announced internally at the meeting. After the resolution was approved by the Hong Kong Stock Exchange, the announcement was issued.
If Wu Changjiang regains control of NVC lighting, the prolonged infighting will come to an end, which is good news for the stock price of the company that has been hit hard. On the afternoon of January 11, NVC Lighting issued a suspension notice, and the stock stopped trading at 1 pm on the 11th.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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