Wu Changjiang held 130 million shares will be auctioned in Taobao debt

NVC was the largest domestic lighting enterprises, but as long as the battle for control of nearly ten years, ultimately creating a NVC Empire Wu Changjiang jailed.

Beijing Morning Post reporter learned yesterday, February 13, 2017, NVC founder Wu Changjiang held part of the personal equity assets will be Zhuhai City Intermediate People's court auction, to repay its debts, for auction platform for Ali's "free fish auction".

Online auction page display, Wu Changjiang held 130 million shares of restricted shares of China will be divided into two auction, 6 yuan per share price, the starting price was 433 million yuan and 347 million yuan, a total of 780 million yuan.

If someone will be the two auction at the same time in the bag, will replace Wu Changjiang as Elec-Tech listed A shares the second largest shareholder, will hit a "free fish auction" (formerly known as the "Taobao auction") the largest individual asset auction record.

December 22, 2016, the Huizhou intermediate people's court to embezzlement of funds, embezzlement two charges, sentenced Wu Changjiang to imprisonment for 14 years. Prior to December 5, 2014, Wu Changjiang was Huizhou City Public Security Bureau of criminal detention in Guangdong.

Wu Changjiang's life, by the media as a Chinese private enterprises embarked on the road to a textbook". In the 9 years after the introduction of investment, Wu Changjiang has been expelled from the capital for the first time to create their own businesses in the first place in the past 3 years.

Wu Changjiang held this batch of a total of 130 million shares of restricted shares accounted for 9.31% of the total share capital of china. The relevant documents of the Zhuhai City Intermediate People's court shows that Wu Changjiang is the asset auction is to repay the debt, "creditors" is Tibet Linzhi HuiFu investment limited and new world strategy (Beijing) Investment Consultants limited.

Up to now, the auction has not yet appeared. Free fish auction staff said, because it involves large targets, margin up to tens of millions of dollars, usually bidders in the auction 1 days to 3 days will pay a deposit. Two auction Qipai price required to advance the deposit of up to 21 million and 17 million, if someone photographed and not, the court will confiscate the huge margin. "

Idle fish auction page shows that as of January 18th, two equity auction subject has attracted 670 thousand spectators, a total of more than and 70 people set up the auction reminder.

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