Wu Changjiang: for the unknown high return to the road, Xi

Wu Changjiang's intention is clear, he did not want to let he founded NVC hand in person, he wants to come back.

But after coming back, he only got a temporary operating committee responsible for the title, this is not his ultimate goal, from the reported information, he may want to enter the board, even before he position as chairman.

Wu Changjiang has been busy since May 2012. He is like the NVC board with a battle, and rising, has spread.

Leveraging Power

Between Wu Changjiang and NVC's board of directors of the battle until now did not mean the end, although he has been back to NVC, and get the temporary right to operate, but the situation will be how to develop, is still unknown.

But before, "rumors Wu Changjiang return to NVC and entered the board of directors" have also been broken.

The latest news from the end of December 2012, Wu Changjiang registered in the British Virgin Islands, a wholly owned subsidiary of NVC Inc. And Elec-Tech (6.99, -0.09, -1.27%) Hongkong subsidiary signed a share transfer agreement, the transfer of shares held by NVC NVC.

NVC released in December 27th announcement confirmed this information, according to the transfer agreement, NVC will hold approximately 373 million of NVC shares transferred to de Ho Runda (Hongkong), accounting for about 11.81% of the issued share capital of NVC.

After the completion of the transfer, Wu Changjiang holds NVC shares only 214 million shares, accounting for about 6.79% of the company's issued share capital. Before this, he is NVC's largest shareholder.

China is one of the largest domestic LED chip production capacity of enterprises. The same day, the company announced that intends through its wholly owned subsidiary Elec-Tech International (Hongkong) to total 1 billion 340 million yuan to obtain a total of 20.05% shares of NVC, NVC became the first major shareholder.

In fact, in mid December, Elec-Tech has been on the Hongkong stock exchange bought 260 million shares of NVC, NVC accounted for about 8.24% of the total share capital of the company.

NVC second and three largest shareholder Saif and Schneider electric, the shareholding ratio was 18.48% and 9.21%, the number of shares held by NVC, the two largest shareholder, compared with the shares held by Elec-Tech and Wu Changjiang, has not exceeded.

Give up the position of major shareholders of NVC Wu Changjiang and other actions. Elec-Tech released a non-public offering plan, he will be a strategic stake.

Elec-Tech show "non-public offering plan", with the price of 5.86 yuan / share, the number of non-public offering is not more than 230 million shares, non-public offering subject to the controlling shareholder of Wuhu BDO investment, and the company intends to introduce strategic investors, including Wu Changjiang Wu Changjiang subscribe for 130 million shares.

If the Elec-Tech stock issuance plan approved, Wu Changjiang will become the second largest shareholder of it. Elec-Tech said secretaries Dunfee in an interview, "in favor of Elec-Tech and NVC cooperation and common development point of view, I think Wu Changjiang is likely to participate in the management or even enter Elec-Tech, the board of directors of the company. "

This series of events were viewed as "Wu Changjiang for leveraging re entered the NVC board of directors and continue at the helm of NVC".

Dunfee said, "Wu Changjiang is the former chairman of NVC shareholders and entrepreneurs, we support the return of Wu Changjiang NVC board of directors and management. "

But according to public information display, in-depth cooperation with Wu Changjiang Elec-Tech, recently.

A month before the transfer of the shares of Wu Changjiang holdings, a Canadian company has just signed a cooperation agreement with china. The agreement, this company in the Chinese Elec-Tech production services, and other products designated for sale in North America.

This is an indefinite agreement, unless the parties to the contract 180 days prior written notice to the other party, before the termination of the agreement.

The last day of 2012, Wu Changjiang published micro-blog, NVC and Elec-Tech cooperation will be a win-win situation, "the advantage of NVC brand and channels, in cooperation with the BDO joint is strong".

Elec-Tech has said, based on NVC's acquisition of equity, the company will become the single largest shareholder of NVC, and will enter the board of directors.

Dunfee said in response to media interview, "Wu Changjiang returned to NVC board of directors and management, is the need of management and development based on NVC, with all shareholders of NVC interests, we believe that NVC investors will support the understanding and positive. "

And before the media speculation, Wu Changjiang will return to the board before the spring festival.

At Leave after Failure

Since the chairman of NVC, the position of CEO resigned from the beginning, Wu Changjiang and NVC's board of directors "war" revolves around him and Yan [micro-blog]. Yan Yan is the chairman of NVC's successor, is also the two shareholder Saif Asia chief partner.

Anecdotal rumors, they can not fire".

Wu Changjiang once commented on Yan Yan: "cold blooded investors, mercenary. To his advantage, it was written on paper, and the adverse promise was not fulfilled. "

In the evaluation of Yan Yan, Wu Changjiang is a "no credit, no integrity. Will play the tragic brand, the brand of nationalism.

According to media reports, Wu Changjiang left NVC, is also related to yan.

In May 25, 2012, NVC suddenly issued a notice: Wu Changjiang resigned as chairman of NVC, the position of CEO, Yan took over as chairman, the position of CEO by the three shareholders of Schneider electric executives Zhang Kaipeng replacement.

At that time, Wu Changjiang was investigating the case. He had to hire 1 million 500 thousand yuan a year to hire a consultant in Chongqing, the contract for a period of three years, the consultant involved in the original Chongqing Nan'an District Party Secretary Xia Zeliang case.

He told reporters, 6 days before the announcement, but also abroad he has told the matter Yan Yan, Yan Yan's reply is: do you want to avoid, do not come back in foreign countries. "

He called me 20 days to resign, saying that in order to protect the company, the protection of shareholders, I let the secretary wrote a resignation, resigned from the post of CEO. Wu Changjiang said, he asked me to resign, including the chairman of the board, including all the duties, made a standard version of the 21, so I signed the scan and then pass back. At that time, he said, as long as you return to the country, but also to continue to do the chairman, CEO, I believe. "

At that time, Wu Changjiang was even a bit conceited, he believes he can control the situation. This conceit in his own business, may have begun to build. In early 90s, he walked out of the state-owned enterprises, south of entrepreneurship, to 2005, he in the support of dealers in the sound, let the two venture left NVC shareholders.

All he wants to do is step by step into reality.

To get Saif injection, in the face of "will the wolf" speculation that his ego has not changed, "I am a lot of people, including Goldman Sachs, Saif, investors are very love me, to my evaluation is very high, I want to do is nvc. He said. In order to introduce the capital injection, he also sold the board seats.

Wu Changjiang and Asia have two seats in the situation, formed in 2006, the board of directors, but in major projects and corporate strategic decisions, the Asia Pacific has a priority veto.

In the aspect of management, "Wu Changjiang appears, even some random, What I say goes." he will be "more freely to the dealer credit facility, only in 2011, NVC to the dealer's credit of up to 400 million yuan.

Yan Yan did not love his way, he hopes to use the listed company management and constraint rules to NVC, "don't carry the board of directors to act, not to the company themselves, the company did not give him. He said in an interview with the media.

They do not seem pleasant cooperation, this unpleasant in the introduction of NVC, Schneider electric intensified after.

In July 2011, Schneider electric to get a 9.2% stake in NVC, to become its third largest shareholder, and is allowed to enter the NVC China distribution network, and cooperation in the field of Engineering sales.

Wu Changjiang has sold about 90000000 shares of NVC stock. He was optimistic about the resources of Schneider electric in the field of engineering, and that NVC can realize resource sharing, complementary advantages of the situation.

But at the end of the year, the board of directors proposed to replace the vice president of marketing Schneider electric Li Rui, in March 2012 and put forward that the chairman and CEO can not be a person. "Wu Changjiang said," the advantage is that NVC channels, they change the people I want to decentralization. "

Regression Go Back

Following the resignation of Wu Changjiang has also not been able to re-enter the NVC board of directors, chairman of CEO, on more useless positions, even back to NVC are very difficult.

The evening of August 14th, NVC issued a notice that the board of directors of Wu Changjiang did not return the resolution, "it was unanimously adopted by the board of directors of the. Yan Yan said in an interview with the media.

They have Wu Changjiang's handle". Wu Changjiang has proposed to move the headquarters from Huizhou to Chongqing, but did not get through. After the Spring Festival in 2012, he started the move, but he was reluctant to contract with Chongqing to the board, the real estate development favorable opportunity to invest in Chongqing obtained, also did not give NVC.

Wu Changjiang refused to return to the grounds also include the alleged interests of bundling with the dealer, as well as related party transactions.

But Wu Changjiang got NVC employees and dealers, suppliers support.

Staff hope Li Rui and vice president CEO Zhang Kaipeng when he left, they are in Zhang Kaipeng's office door hanging on "Schneider out" banners, they are in the office of Li Rui containment. They hung Wu Changjiang in support of Huizhou NVC Industrial Park regression banners, even called him a "spiritual leader".

The dealer claimed to stop cooperation with NVC, and setting up a new brand. At the same time, the majority of suppliers to interrupt the supply, after the settlement of the payment of cooperation. This makes some of the NVC factory in a semi shutdown state.

Wu Changjiang wants to return to the board, he needs to be a major shareholder, held a special meeting of shareholders, if all the shareholders do not support me to come back, then I have to comply with the rules of the game, leaving the company. I can't afford to lose, but nothing at all. He said in an interview with the media.

NVC issued a notice in two days, the situation changes again. He Jun business consulting company is part of NVC's small shareholders entrusted to promote NVC's "small shareholder revolution", trying to stop the chaos.

In the opinion of President Li Su and Jun venture, Wu Changjiang comeback basically hopeless, he also represented the small groups of shareholders on the board of NVC open letter, and put forward the "correct embezzlement behavior" five requirements.

Others are favorable to Wu Changjiang. NVC executives have many submitted his resignation, including Vice President, general Li Rui