NVC banner: lighting lighting industry flaunt the banner of collapse

At a recent period of time the NVC K-line, many investors bittersweet

"Today I have grown into a big tree, often crying in the storm, the 49 year old Wu Changjiang left a dark text on micro-blog, it can be said that. This is August 29th.

On that day, Hongkong held NVC EGM, holds 95.8% 20.8 hundred million stock investors in the will of the executive director of the company agreed to remove the founder's appointment. In fact, it is nearly three months ago, Wu to regain the preferred long and admission behoove position. 21 days ago, appeared in the image of the White Knight company chairman Wang Donglei and Lu to the post of CEO. In addition to 2.54% unrelated to the minor stake, he has nothing.

The so-called because of the forcible takeover of seal, triggered by the "fist foot books", can only arouse onlookers a bad taste, for the Chongqing Tongliang origin, as it says no clothes, and his "wharf culture travels industry big brother, the thirty-seven regional distributors to control national channel more than three thousand stores in thirty-three anyway, it is the most deadly blow. These are the bowl to drink large scale sub gold Juyi cousins, in 2005 and 2012 two played a league winner. "Let know walkers" tone with non cooperation, as one falls, another rises, not production, not distribution such as water power off gas will, either the original partner Du Gang, Hu Yonghong, or your Saif Yan [micro-blog] and Schneider electric Zhu Hai, or take hold baggage check., or temporarily forbear by contemplation, heroes face four hands only repeatedly confirmed.

NVC power, whether the continuation of brilliant?

This time, "who can put me off the rhetoric is no longer confident self suggestion," now I know why the traitor so hateful "feeling more like the mood of the real reflection - though not long ago, and this batch of Wu also is regarded as a company and its core assets are the most against the Barbarians at the gate top important moat partners to negotiate, or will spin off the channel on NVC listed outside the system to a listed or the money a fundamental solution, the brothers bought a controlling stake in his banner. Now, do not abandon, do not give up his type of obsession, ten years has been three times out of the fact of KO, the NVC king, facing the end call ahead of time.

"Sometimes people can control their own destiny. If we are not in the wrong heteronomy, our destiny, but in us". Grand recommended to Mr. Wu a study leader behavior motivation and constraints named "dictators manual" book, the above quote from Shakespeare's "Julis Caesar" famous, printed in its title page.

In fact, according to the book said, most of the time Wu Changjiang did right, of course, their experience may be more from the "Romance of the Three Kingdoms" or "Water Margin".

Xinhua Finance making wait above eye comics, quite hit the suspect

On the internal disputes of NVC company reported an immense number of books, many details are evidence of Wu it is these genius that executives, and according to his hometown, you should never put with diarrhea. The exclusive distributor throughout the construction and Chinese leading LED light source and lighting sales channels, with guarantees, brand licensing, stock purchase, commissioned by the year-end high reward, a man will firmly form a community of interests, and even become a listed public company into the venture, the roaring mountain means never change, a member of even offend the board, or contrary to the relevant article HKEx on corporate governance is at the cost of. Two years ago, when Yan three guilt out, Wu hard response "I love the company, the board of directors wrong. Why should I listen to, no one more than I know, NVC ushered in a lot of applause. In 2010 Gome Wong Kwong Yu family and the Chen Xiaohe Bain Capital staged gongdou, triggering the great debate on "whether good or bad their cubs to raise their own" and "folk wind on fiduciary responsibility if it The climate does not suit one. on corporate governance, public opinion in the ambiguous identity" like Wu Changjiang NVC "point of view. As for the Macao gambling rumors and behavior often associated with the transaction, was first attributed to the more innocuous morality and the results of the "China characteristics". After all, 2013 annual net profit of 245 million yuan and nvc.

However, there are some spectators forgot, Wu Changjiang himself has selective amnesia, listed companies say it under the control of major shareholders, and also the only major shareholders to determine the distribution of benefits rules - whether flow channel still holds a small stake in the ordinary investors. Well, NVC's ownership structure was clear: BDO Runda chairman Wang Donglei holding 27.1%, two years ago and the Wu - Saif and Schneider each close to 20%, Wu? 2.54% cents. CEO is not false, the executive director of the seat bottom hasn't warm - this year, Wang Wu alleged secret agreements, until after a year and a half in cash or more would not be to excuse the latter considerations or is hands-on signal. But as small shareholders of a company, Wu had not listed in the top 45% equity in the hands of the role he even seize from my hands, Wong Kwong Yu like defending 34% gold against the right to vote, the final could go that root thorn heart. As for the "convertible name" Elec-Tech get more than 9% of the shares, in addition to a two shareholder name, even the vice chairman of the virtual level are not available.

If there is no dream, and salted fish what two, Wu has never been broken dreams, but the former is not familiar to the capital market is going into absolute control, because of temporary uncompleted financial knowledge play margin failure lost the necessary cash flow counter. In fact, if not the game of the coveted and fear of the channel brothers concentric squads tactics, 2012 Wu Changjiang has entered into the dustbin of history, or say, salted fish.

At the end of PK to two people,

Why Yan Yan two years ago and failed? Core supporters can't compare incumbents and rivals who can give more, and promises of future returns are likely to have no substance!

Today why Wang Donglei succeeded counterespionage? Once the core supporters are expected to get more benefits from their opponents, they throw away the cao!

Golden Jade book. Wang Biyan Yan is more industrial background, full production and channel association leadership, Zhu Haiduo is the same as the origin of the internal control of private enterprises understanding or is evil for evil than the size of a fist modeled on flavor wilderness. As a cloud of entrepreneurs, a Lawrence, a site in their industry and lived like a king, but no more sadness after the curtain call praise, good comments, this is a tragedy. Don't need to think too much about Wang Donglei recently reprimanded, scolded by no good words, and from the camera placed within the company to arrange bodyguards as assistant engineers, general wang. Think at the end of 2012 the king: "meet with Wu Changjiang together, my life is good, the two of us together, it is a perfect match. "How? Business only!

It is Wu, may wish to recommend a Book of Liu Cixin's "body" please read free: if you think I am good, this is not the reason you feel safe, because you don't know that I think you are good, I do not know how you think what I think what you think of me. Obsession, arbitrary, and suspicion for any outside party, from Du, Hu, Zhu Yan, to, and then to the king, the NVC changing of the guard, wrong, also forget thinking.

The author of this article, click the NVC's official website, in the "relationship" with investors in the column, published in August 29, 2014, "the list of directors and their roles and functions", Wu Changjiang's name did not appear on the top, followed by the September 4th release of "appointment for directors" can be seen, the latter completely replaces the former.

NVC:

NVC is a leading supplier of Chinese lighting products, in May 20, 2010 at the Hongkong Stock Exchange listed on the main board. According to statistics China Association of lighting display, according to 2009 revenue, NVC is the largest domestic lighting brand suppliers. According to the 2008 production, NVC is the largest Chinese energy-saving lamps, T4/T5 bracket, electronic ballast manufacturer.

NVC was founded in the end of 1998, the full practice of "creating world brand and proposed an industry first" business philosophy, in the industry to import brand monopoly mode and operation center mode, has led China lighting industry brand "revolution" and "revolution". Since 2006, a Chinese NVC lighting industry capital operation first, has the introduction of Softbank, Goldman Sachs and other well-known international investment institutions, LED lighting industry "capital revolution". Through 10 years of efforts, "NVC" trademark was identified as A Well-Known Trademark in China the State Administration for Industry and commerce, NVC has become the most influential China lighting products and application solutions provider of products involved in the field of commercial lighting, office lighting, outdoor lighting, lighting appliances etc..

This article from Hong Kong stocks: Sina Finance > original title: NVC banner: an enterprise King's tragedy

Http://finance.sina.com.cn/stock/hkstock/ggscyd/20140906/133620231620.shtml.

Related reading:

NVC Beijing Chongqing to upgrade the fighting across the air strikes http://news.cn/fortune/xhcy91.htm

Wu Changjiang was kicked out by Wang Donglei Elec-Tech oath of good governance NVC

Http://zy.takungpao.com/2014/0905/155789.html

Wang Donglei resigned as general manager to save NVC Elec-Tech

Http://zy.takungpao.com/2014/0905/155789.html

Wang Donglei is in charge of the NVC, how many years of life?

Http://lights.ofweek.com/2014-09/ART-220001-8500-28875529.html

NVC shareholders over more than 90% of the members agree to oust Wu Changjiang

Http://zy.takungpao.com/2014/0905/155855.html

Many of the media noisy hot cold irony, I do not know to the age of fifty NVC, can carry over this.

[Kay lighting finishing editor]