14 months after the suspension return NVC resume trading day fell 40%

According to Phoenix Finance reported by NVC 16:00, Hong Kong stocks fell 34.66%, down $0.61, closing at HK $1.15. The stock last August 8th suspension, resumption of trading today, the largest decline was 40%.

The former chairman Wu Changjiang detained after half a year, NVC again exposed the latest news: Wu Changjiang alleged misappropriation of company funds 600 million yuan, up 300 million yuan to recover.

In July 19, 2015, NVC announced, announced the findings of former chairman Wu Changjiang alleged misappropriation of company funds, on behalf of the company without the pledge, the pledge agreement entered into a 14 show Wu Changjiang past on behalf of the company, the total amount of loans of about 640 million yuan, and 550 million yuan from. NVC estimates that can recover about 320 million yuan. In addition, the company because of its $80 million loan, the bank was frozen over 54 million yuan.

Notice that Wu Changjiang in the past with the Bank of China, ICBC, the people's livelihood and China Construction Bank signed a number of pledge guarantee agreement. After investigation, the company believes that five companies involved in the loan agreement by Wu Changjiang, including his wife Wu love, father-in-law, Wu Xianming, who hold. The company has launched legal proceedings, such as Wu Changjiang, claims 600 million yuan, the court has also issued a decree to freeze the assets of about $1 billion, such as Mr. Wu Changjiang.

NVC chairman Wang Donglei said earlier, the company completed the survey after the announcement, will apply for the resumption of the preparatory work for the resumption of trading in the third quarter. NVC since last August 8th from the suspension, the suspension time for nearly a year.

In August 8, 2014, NVC released a paper notice, Wu Changjiang, chief executive of NVC, the chairman and Elec-Tech chairman Wang Donglei served as interim chief executive officer. The announcement also said: "the board was informed that Wu Changjiang in 2012 on behalf of NVC Affiliated Companies Huizhou NVC Optoelectronics Technology Co Ltd and its three affiliates (NVC Shandong Development Co. Ltd., Chongqing en Weixi Industrial Co., Ltd. and Zhongshan love the holy land division limited company) signed a license agreement for each, the three companies awarded the rights to use NVC brand for a period of 20 years. "

Since then, two people with the media against each other, mutual exclusion of the interests of the transfer, trying to empty the company. In August 29, 2014, NVC held a provisional shareholders meeting in Hongkong, voted to consider "the removal of Wu Changjiang's board of directors and board committees at any position in motion", more than 95% of shareholders voted for the removal of Wu changjiang. This is the third time that Wu Changjiang left his hand to create NVC.

In December 16th last year, the Internet has been reported by Wu Changjiang police detention, after the Huizhou Municipal Public Security Bureau confirmed that Wu Changjiang was arrested on suspicion of misappropriation of funds according to law.

In April this year, the announcement that the company held by the company holding more than 5% shareholders of Wu Changjiang shares by the Chongqing first intermediate people's court, the Chongqing fifth intermediate people's court waiting to freeze, the waiting period of 36 months. Wu Changjiang holds 130 million shares of the company's shares, accounting for the total share capital of 9.31%. Prior to the shares held by Wu Changjiang has been more than a number of courts freeze.

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