NVC Lighting Solutions

NVC Lighting Solutions After a series of dazzling equity trading activities, NVC lighting once again caught up in the whirlpool of public opinion. At the end of last week, rumors such as “cash profits” and “fighting against turbulent investors” were announced. NVC’s founder Wu Changjiang accepted an exclusive interview. He disclosed for the first time and BDO Runda. Hao’s conversion plan was made after the “provisional decision” was made on the part of DHL. It was not a so-called “trap”. Wu Changjiang directly denied that the conversion was related to the previous infighting.

Denying a well-designed exchange plan

"The details of the share exchange plan are different from those of the outside world." Wu Changjiang said in an exclusive interview with this reporter. He pointed out that NVC and DHL had previously cooperated in purchasing business, and both parties had always hoped to conduct in-depth cooperation including equity. Until the suspension of BDO, Wu Changjiang also advised DHL to consider buying shares of other shareholders. “But the other party stated that it would have to cooperate with the interests of myself in order to be able to cooperate in depth.” In this context, the two sides came up with a share swap plan.

In this program, Wu Changjiang will transfer approximately 11.8% of NVC Lighting's shareholding in the hands of BDO and retain 6.79% of the shares. DHL will hold a total of 20.05% of NVC Lighting's shareholding, becoming the largest shareholder of NVC Lighting, with a total investment of 1.654 billion Hong Kong dollars (approximately RMB 1.343 billion); Safari Asia headed by Schaaf Electric and Germany Schneider Electric NVC Lighting is the second and third largest shareholder respectively, holding 18.48% and 9.21%.

DHL plans to issue non-public shares, which will be subscribed by the company's controlling shareholder and Wu Changjiang, among which Wu Changjiang will subscribe for 130 million shares. The industry estimates that Wu Changjiang will become the second largest shareholder of BDO after it becomes a shareholder.

Wu Changjiang predicted that after the project has passed the approval process, it can be completed before the Spring Festival.

Since May last year, Wu Changjiang has withdrawn from the board of directors for “personal reasons.” Wu Changjiang and Sai Fu and Schneider have had a lot of enthusiasm around Wu’s infighting on the board’s return to the board of directors. Wu Changjiang has not yet acted as a board member after a series of tossings. position. The outside world believes that Wu Changjiang’s strategy of teaming up with BDO is to “retreat into progress” and to control NVC through becoming the second largest shareholder of BDO.

LED industry will set off a new round of reshuffle

Wu Changjiang explained the purpose of the transaction, pointed out that the development and popularization of LED led traditional lighting companies to face huge challenges, and no transition will be eliminated. NVC's advantages lie in brands and channels, while DHL has upstream technological advantages. LED has a strong competitive advantage in the entire industry chain.

However, the capital market has responded negatively to the transaction. On the day the plan was disclosed, NVC Lighting's share price in Hong Kong fell by nearly 10%, and DHL also fell by nearly 4% in A shares.

In this regard, Wu Changjiang believes that the market is nothing more than to worry that he "walks people to leave the Narrows," but he did not cash out to get money, and the German stocks of the private-equity increase will be locked for three years.

Wu Changjiang also said that after the introduction of DHL, NVC will set off a new round of reshuffle in the LED market. Wu Changjiang believes that companies with more than 80% of the LED market will die, and only companies with the advantages of technology and channels can stand out.

Introducing DHL is "introducing wolf into the room"?

Whether or not Wu Changjiang, who is most concerned about by the outside world, means that he will once again stand in opposition to the investor headed by Yan. Wu Changjiang stated that he has no intention of fighting each other's shareholders and will try his best to avoid recurrence.

He also revealed that he did not reject the transaction as he had imagined. According to Wu Changjiang's feedback, he has already communicated with him and he affirmed his cooperation with DHL.

As for when to return to the board of directors and assume the chairmanship, Wu Changjiang said that he is not too concerned about these points. He also stressed that the re-election of the board of directors should go according to the company's articles of incorporation, but he believed that "in the ordinary sense, I should have a place as a major shareholder and founder of more than 5% equity."

It has been speculated that if Wu Changjiang returns to the board of directors, plus two seats for BDO and Mu Yu who is already on the board of directors, the number of “Wu factions” will reach four, and thus control the right to speak on the board.

It is worth noting that there are arguments that the introduction of DHL is "to lure wolf into the room," for the next phase of the shareholder dispute planted mines, Wu Changjiang responded that the outside of habitually put the interests of shareholders on the opposite side, the fact is not the case, he He pointed out that he has the same entrepreneurial experience with DHL chairman Wang Donglei and is highly consistent with the industry and lighting industry. Wu Changjiang said that as long as he manages NVC himself, he believes that Wang Donglei can continue to support him.

NVC Events

On May 25th, 2012, NVC Lighting stated that the founder of the company, Wu Changjiang, resigned from all positions for personal reasons. The successor is the founding partner of Saifung Asia Fund.

On July 13, 2012, NVC Lighting employees, distributors, and suppliers supported Wu Changjiang's return.

On August 15, 2012, NVC Lighting announced on the same day that it was inappropriate to re-appoint Wu Changjiang as chairman and director of the company.

On September 4, 2012, NVC issued an announcement that Wu Changjiang was appointed as the head of the temporary operation committee.

On December 26, 2012, BDO announced that it had invested HK$1.65 billion in the acquisition of 20.05% of NVC Lighting, becoming the largest shareholder of NVC. Wu Changjiang will purchase 130 million non-public issuance shares of Dehao, which is expected to become the second largest shareholder of the latter.

Dog Fence Wire

Dog Fence Wire,Invisible Fence Wire,Electric Dog Fence Wire,Invisible Dog Fence Wire

Elite-tek Electronics Ltd , https://www.aetertek.ca