On December 12, NVC Lighting (2222.HK) announced that Wang Dun was appointed as an executive director of the company and Li Huating was a non-executive director of the company.
Among them, Wang Dun is the son of Dehao Runda real controller Wang Donglei, and Li Huating is the vice chairman and acting general manager of Dehao Runda. So far, the Wang family and Dehao Runda have increased their seats on the board of directors of NVC Lighting, and the control has been strengthened.
NVC Lighting is well known and is a dispute over the stock market that has repeatedly erupted.
At the end of 1998, Wu Changjiang and two high school students set up Huizhou NVC Lighting, relying on channel construction and brand building, and developed very rapidly. In 2008, it became the first in the industry.
However, in 2005, Wu Changjiang and the two partners parted ways, and the first shareholding dispute of NVC Lighting. Finally, Wu Changjiang stayed in NVC Lighting, and the other two founders left.
In order to pay the other two shareholders a break-up fee of 160 million yuan, Wu Changjiang found Softbank Safran. The latter invested 22 million US dollars, and then added 10 million US dollars. At that time, Wu Changjiang was helped to solve the urgent need. However, after a period of "honeymoon period", Wu Changjiang and the capital side broke.
With the listing of NVC Lighting on the Hong Kong Stock Exchange in May 2010, Softbank Saifu replaced Wu Changjiang as the largest shareholder. Wu Changjiang was forced to resign from the management of all positions on the board of directors. Wu Changjiang also confronted the media with the founding partner of Safran Asia Fund, and the second equity dispute of NVC Lighting broke out.
Subsequently, Wu Changjiang tried to regain control with Dehao Runda (002005). Dehao Runda spent HK$1.65 billion to acquire the equity of the company held by Wu Changjiang and completed the acquisition of 20% equity of NVC Lighting. Wang Donglei once tried to return Wu Changjiang to the decision-making level of NVC in the board of directors. After the subsequent acquisition, Wang Donglei gradually became the largest shareholder of NVC Lighting.
However, the good times did not last long, Wu Changjiang once again set fire to the body. At the extraordinary shareholders meeting on August 29, 2014, Wang Donglei's proposal to remove Wu Changjiang's executive director received 95.8% of support. Wang Donglei took over as chairman and CEO of NVC Lighting, and the dispute over the equity of many years has come to an end.
Before Wang Dun and Li Huating joined, Dehao Runda had three people entering the NVC Lighting Board of Directors. Together with Wang and Li, Dehao Runda has formed substantial control over the NVC Lighting Board.
NVC lighting performance that has shaken off the equity dispute has grown significantly. In the first half of 2016, NVC's net profit reached 82.14 million yuan, a year-on-year increase of 381.11%. Wang Donglei once said that NVC Lighting has returned to the right track, focusing on transformation and development, positioning will further transform from traditional lighting leaders to LED lighting products industry leaders.
And Dehao Runda and NVC Lighting have established the goal of “the top three in the worldâ€. Dehao focuses on the upstream and NVC focuses on the downstream. Taking these two companies as a company, let them play their respective roles and play the role of Dehao. Upstream and downstream synergies with NVC.
As for the founder of NVC Lighting, Wu Changjiang, the most recent return to public view was in the dock of the Huizhou Intermediate People's Court in September this year. He was accused of misappropriating NVC lighting funds of more than 900 million yuan, and was accused of occupying 13.7 million yuan. There is no legend in Jianghu, and the dispute over the equity of NVC is calm.
China leading manufacturers and suppliers of Hifi Earbuds,Best Hifi Earbuds, and we are specialize in Hifi In Ear Headphones,Best Hifi Earphones.
we have the special technology for making HIFI EARPHONES. HIFI earphones has very good sound quality than other common earphone.Because it use moving coil and balanced armature combined Hybrid technology
Hifi Earbuds,Best Hifi Earbuds,Hifi In Ear Headphones,Best Hifi Earphones
Dongguang Vowsound Electronics Co., Ltd. , https://www.vowsound.com