Dehao Runda fully took over the NVC lighting Wu Changjiang cronies were cleaned
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According to the announcement, the directors' changes involve NVC Lighting Co., Ltd., NVC Lighting Co., Ltd., NVC Lighting (China) Co., Ltd., Zhejiang Jiangshan Sanyou Electronics Co., Ltd., Jiangshan Phipps Lighting Co., Ltd., Shanghai Akade Electronics Co., Ltd. Chongqing NVC Lighting Co., Ltd., Hong Kong Tianyu Technology Co., Ltd., British NVC, WorldCom Investment Co., Ltd., Hong Kong NVC Lighting Co., Ltd., Zhejiang NVC Lighting Co., Ltd. 11 companies. Wu Changjiang, the founder and executive director of NVC Lighting, withdrew from the directorships of 10 of its subsidiaries.
According to public information, Dehao has only entered NVC lighting for more than a year. In December 2012, Dehao Runda spent HK$1.65 billion to acquire approximately 20% of NVC Lighting's shares by absorbing Wu Changjiang's individual shares. After a series of equity changes, in the past April, DeHao Runda took another HK$500 million to increase its shareholding of 6.86% of NVC Lighting. Currently, the total shareholding of 27.10% continues to be the largest shareholder of NVC.
Since 2012, with the intervention of Dehao Runda, the stalemate between Wu Changjiang and Softbank Safran and Schneider has been broken. Previously, Wu Changjiang was once forced out of the NVC board by the latter two. NVC had a major strike, a collapse of the supply and marketing system, and Wu Changjiang’s repeated attempts to return to the board failed.
In January 2013, NVC Lighting held a board meeting and operator meeting to re-appoint Wu Changjiang as CEO. In early June 2013, NVC announced that the company received a written notice from a shareholder and intended to elect Wu Changjiang to perform. The director officially promoted Wu Changjiang to return to the board of directors. It is speculated that Dehao Runda’s entry into NVC Lighting is inseparable from the personal cooperation between Wang Donglei and Wu Changjiang.
Netease Finance understands that after the acquisition of the equity of NVC Lighting, Dehao Runda pays more attention to the influence and leading force of NVC in order to facilitate further integration in the later stage. A market person close to NVC Lighting told Netease Finance that the purpose of Dehao Runda is to enter the LED market through the use of Dao Shi Lighting. The biggest problem at present is that the channel is still subject to people, and Dehao Runda is likely to have overcapacity and The problem of limited development is more conducive to controlling the NVC channel after holding the decision-making power of NVC. When Wang Donglei once again increased his holdings in April this year, he also said to the media: "It is also possible to become the same group. These are only possible, and there is no fixed timetable."
At present, Wu Chang is the CEO and executive director of NVC Lighting, and his shareholding has dropped to 2.54%. 