Hundreds of millions of holdings of Wujiang Changjiang will not give up NVC

On June 26th, Wu Changjiang, former Chairman of NVC Lighting, interviewed reporters in Hong Kong. He told reporters that he had arrived in Hong Kong after he resigned from the company, because? The show will increase personal losses by hundreds of millions, but they will not give up NVC. He also revealed that he is currently mobilizing funds to make up positions and he must continue to maintain his position as the largest shareholder.

In Hong Kong’s Four Seasons Hotel, Wu Changjiang’s suite was full of laughter. Dressed in a bright red polo shirt, Wu half jokingly said half-heartedly, "Bought a few pieces are red, washed away all evil spirits." He laughed frankly when he chatted, but laughter could not conceal his helpless sigh from time to time.

Wu Changjiang did not disappear, but he resigned in Hong Kong after resigning at the end of May. Now his wife and daughter are also around.

“Because the former consultant’s business affairs did indeed assist in the investigation,” Wu Changjiang told Tencent Finance that he recently felt really tired and wanted to give himself a holiday. However, he is still difficult to give up on NVC lighting, resigned after it has been holdings of company stocks, to maintain their status as major shareholders.

In March this year, Wu Changjiang went to the UK to inspect the subsidiary company. At that time, he and his friends could not hide their whims. We said that they had never thought of resigning.

Speaking of the British subsidiary, Wu Changjiang is proud. “NVC is well-known in the UK. We have hundreds of millions of sales in the UK every year. The BBC all come to China to interview us.” It is learned that NVC Lighting’s UK subsidiary was originally formed by Wu Changjiang personally invested money to establish, after the company was incorporated into the listed company, the company only returned Wujiang Changjiang principal in four years, showing Wu Changjiang's selfless creation of NVC lighting.

“Originally, our overseas company plans to build it in accordance with the British company.” After that, Wu Changjiang did not finish, because he has now resigned from the chairman of NVC lighting company's business strategy can not be said.

Wu Changjiang now spends more time with friends at leisure. “The biggest thing I’ve learned so many years is a bunch of friends.” In the short two hours yesterday, Wu Changjiang had two friends who went to the hotel to find him. He said that these friends had always supported and helped him.

Regarding the company's investigation and announcement, Wu Changjiang said that he had passed a phone call with a company lawyer and that he was in Hong Kong. He only assisted the former consultants in the investigation.

The two major shareholders camp confrontation for external rumors that Schneider joined forces with Sai Fu Asia to force the palace to one thing, said Wu Changjiang, “I have not found it yet, I have not seen it, and communicated well with Schneider Zhu Hai. There are many exchanges.”

However, a dealer of NVC Lighting, who declined to be named, told Tencent Finance that “Schneider took a look at NVC and wanted to acquire NVC. This is very obvious. Schneider wants to develop the downstream industry and develop lighting. Before Schneider also After investing, but without success, NVC did a good job. It is the oldest in China and sells several tens of billions of dollars. After he ate it, he can watch it."

Although Wu Changjiang brought a subtle relationship with shareholders, the current NVC Lighting shareholder game should not be underestimated. Informed sources disclosed to Tencent that earlier the third largest shareholder, Schneider, and the second largest shareholder, SaiFu Asia, joined forces to replace Wu Changjiang’s hand-pulled vice president of sales and acquired the channel, which was rejected by Wu Changjiang.

After the shareholders' meeting in March, the above two major shareholders demanded that the chairman and the CEO of the listed company could not hold concurrent posts and demanded that Wu Changjiang devolved power. Wu Changjiang agreed and prepared to promote the following deputy. However, the two shareholders had opposed each other and the two sides had been stalemate.

"They did not dare to change Wu's people. They dared to change one person and at least hundreds of people resigned," said the person familiar with the matter.

Prior to this, some media reported that NVC Lighting's sales channels have always been in the hands of Wu Changjiang, including 36 dealer operation centers and nearly 3,000 stores. These assets have not been incorporated into listed companies, and many are founded by Wu Changjiang’s entrepreneurs. In charge.

Hundreds of millions of exhibitors added to their losses. Wu Changjiang said to Tencent that “I will take mine as my own child and I will certainly not give it away. I also have this ability.”

Beginning in May of this year, Wu Changjiang has repeatedly and intensively held NVC Lighting. From June 11 to June 18, it increased its holdings to 17.8 million shares. Currently, it holds 19.53% of shares and ranks as the largest shareholder.

Wu Changjiang said: “At the end of May, I mobilized some cash to cover short positions, and we must continue to maintain the position of major shareholders. First, I am confident that the company will have a good view of the company’s future. On the other hand, it has feelings for the company. The company was created by itself.”

At the end of last month, NVC Lighting had announced that the Board of Directors approved the exercise of the repurchase authorization and may buy back no more than 10% of the company's shares. The maximum repurchase amount was 388 million yuan. However, in the past month, NVC Lighting has been declining in the market, the company did not announce the exercise of repurchase authorization.

According to a senior official of a brokerage firm, after previously calling SaiFu Asia executives to ask about the resignation of Wu Changjiang, Safari's Asian executives said to the brokerage companies, “This is a good deal, and the price is low, and you quickly bought it.”

The company has not yet intended to buy back. Wu Changjiang has always wanted to maintain the status of the largest shareholder. Exhibition (English for Margin, that is, the meaning of the deposit) increased holdings of many stocks, but because NVC Lighting's stock price continued to fall, after the brokers forced the liquidation to pay back, he resigned on the same day was forced to close the bank repayment of 82.7 million Hong Kong dollars.

“I’ve lost hundreds of millions of dollars now.” Talking about his increase in holdings, Wu Changjiang is determined to maintain his position as the largest shareholder, but he also shows frustration.

According to public information, in 2005, NVC Lighting experienced an “earthquake” and the three major startup shareholders had serious disagreements. Wu Changjiang was forced to relinquish the position of the chairman and was asked to take away 80 million yuan and completely withdraw from NVC lighting. , But with the full support of suppliers and distributors, on the third day of signing, Wu Changjiang returned to NVC Lighting again, regained corporate leadership, and forced the other two shareholders to exit, so the channel was called Wu Changjiang. The nirvana.