China's largest lighting manufacturer - NVC Lighting (02222.HK) employers and founders of the wall, seeing to upgrade to the suspension of some factories.
On July 12, NVC Lighting held a monthly closed-door meeting of middle and senior management personnel in Chongqing. Forcing the palace became the main theme of the day's meeting. According to a participant, at the meeting of the day, NVC Lighting's middle management, grassroots employees, distributors, suppliers, etc., Qi Qi, the investor, the partner of Safran Fund, the current chairman of NVC Lighting The representatives of Schneider and Schneider made a request, including: let the founder of NVC Lighting, the former chairman Wu Changjiang return to NVC lighting work as soon as possible, and Schneider to withdraw from NVC.
A participant said that the meeting began at 8 am and continued until 5 pm.
"In the end, I did not give a clear answer to the above appeal. I just gave a time to reply within three weeks." Shi Yongjun, spokesperson for NVC Lighting, told reporters yesterday that "the requirements of employees are clear, that is, they are not In the reply, it will stop working tomorrow (13th). Therefore, some factories will be shut down on the 13th."
There is only a storm between the words.
NVC Lighting was founded in 1998 by Wu Changjiang. After Wu Changjiang, who was reported to have been assisted by the investigation on May 24, was cleaned out of the board of directors, the management turmoil of NVC Lighting has caused the share price to fall by more than 30%. Possible "discontinuation" or make NVC worse.
Wu Changjiang did not appear at the 12th meeting.
However, people familiar with the matter said that Wu Changjiang was informed on the evening of the 11th that employees and dealers would negotiate with the relevant personnel of the board of directors on the 12th. He told the insider that "NVC will make a big deal" and said that "the brothers and sisters must be me."
The other two key figures in the Storm Center and Schneider representatives did not receive an interview with reporters yesterday.
Board of directors forced to die
The meeting on the 12th was tense.
According to one participant, the NVC dealers, suppliers, and mid-level managers of Wu Changjiang were forced to block the representatives of Yan and Schneider in the conference room, requesting no results, and never letting go.
According to the report, the content of the negotiations between the two sides is mainly focused on four focuses: one is to reorganize the board of directors, and the outsiders cannot be allowed to go inside; the second is to win more employee options; the third is to let Wu Changjiang return to NVC as soon as possible; the fourth is to let Schneider withdraw NVC. Some NVC lighting employees said that if the employer does not respect the opinions of employees, it will stop working indefinitely.
"The appeals made by the middle management staff did not get a clear answer to the embarrassing aspect, so many representatives quit in the middle of the road." Shi Yongjun said.
The storm did not stop at the venue.
At NVC's Wanzhou factory, Huizhou factory and other bases, some employees have pulled up banners such as "unscrupulous Schneider" and "Wu will not return, and will never return to work!"
For the proportion of employees who support Wu Changjiang, Shi Yongjun said, "100%, this is absolute."
Shi Yongjun emphasized that this meeting has nothing to do with Wu Changjiang, nor is it organized by Wu Changjiang. Such meetings are routine, and a monthly meeting of middle and senior management personnel is usually held every two to two months.
On the same day, Wu Changjiang did not appear at the venue.
However, it is quite appropriate that Wu Changjiang, who has been silent for more than 20 days on Weibo, has issued five Weibo posts since the 12th on the 12th, refuting the accusations against him.
"There were many media reports in the past two days reprinting the three conditions that Mr. Yu allowed me to return to NVC. In fact, everyone with a clear eye knows that he is criticizing me and attacking me. 1. Saying that I have concealed the truth from the board of directors; 2. Say me There are improper related transactions; 3. Say I don't respect the board of directors. These three crimes are big enough, but I will never accept it!" Wu Changjiang wrote on Weibo.
Once a firefighter
The accusation that Wu Changjiang could not accept was from his "firefighters".
In 2005, NVC lighting faced a split. Wu Changjiang’s consideration of the return of all shares of NVC Lighting to his own company was 160 million yuan. The two shareholders took away 100 million yuan in cash at a time, and NVC Lighting was in a financial dilemma. Wu Changjiang embarked on the road of finding money under such circumstances. Until the Safran Fund came in in 2006, NVC Lighting experienced the embarrassment of dismantling the East Wall to fill the Western Wall. At that time, the shackles of funds were a firefighter for Wu Changjiang.
NVC Lighting was listed on the main board of the Hong Kong Stock Exchange in May 2010. It has previously absorbed venture capital investments such as Safran Fund and Goldman Sachs, and introduced the multinational giant Schneider Electric into shares in July 2011.
The above shareholding led to the dilution of the company’s founder Wu Changjiang’s equity.
On July 12, NVC Lighting held a monthly closed-door meeting of middle and senior management personnel in Chongqing. Forcing the palace became the main theme of the day's meeting. According to a participant, at the meeting of the day, NVC Lighting's middle management, grassroots employees, distributors, suppliers, etc., Qi Qi, the investor, the partner of Safran Fund, the current chairman of NVC Lighting The representatives of Schneider and Schneider made a request, including: let the founder of NVC Lighting, the former chairman Wu Changjiang return to NVC lighting work as soon as possible, and Schneider to withdraw from NVC.
A participant said that the meeting began at 8 am and continued until 5 pm.
"In the end, I did not give a clear answer to the above appeal. I just gave a time to reply within three weeks." Shi Yongjun, spokesperson for NVC Lighting, told reporters yesterday that "the requirements of employees are clear, that is, they are not In the reply, it will stop working tomorrow (13th). Therefore, some factories will be shut down on the 13th."
There is only a storm between the words.
NVC Lighting was founded in 1998 by Wu Changjiang. After Wu Changjiang, who was reported to have been assisted by the investigation on May 24, was cleaned out of the board of directors, the management turmoil of NVC Lighting has caused the share price to fall by more than 30%. Possible "discontinuation" or make NVC worse.
Wu Changjiang did not appear at the 12th meeting.
However, people familiar with the matter said that Wu Changjiang was informed on the evening of the 11th that employees and dealers would negotiate with the relevant personnel of the board of directors on the 12th. He told the insider that "NVC will make a big deal" and said that "the brothers and sisters must be me."
The other two key figures in the Storm Center and Schneider representatives did not receive an interview with reporters yesterday.
Board of directors forced to die
The meeting on the 12th was tense.
According to one participant, the NVC dealers, suppliers, and mid-level managers of Wu Changjiang were forced to block the representatives of Yan and Schneider in the conference room, requesting no results, and never letting go.
According to the report, the content of the negotiations between the two sides is mainly focused on four focuses: one is to reorganize the board of directors, and the outsiders cannot be allowed to go inside; the second is to win more employee options; the third is to let Wu Changjiang return to NVC as soon as possible; the fourth is to let Schneider withdraw NVC. Some NVC lighting employees said that if the employer does not respect the opinions of employees, it will stop working indefinitely.
"The appeals made by the middle management staff did not get a clear answer to the embarrassing aspect, so many representatives quit in the middle of the road." Shi Yongjun said.
The storm did not stop at the venue.
At NVC's Wanzhou factory, Huizhou factory and other bases, some employees have pulled up banners such as "unscrupulous Schneider" and "Wu will not return, and will never return to work!"
For the proportion of employees who support Wu Changjiang, Shi Yongjun said, "100%, this is absolute."
Shi Yongjun emphasized that this meeting has nothing to do with Wu Changjiang, nor is it organized by Wu Changjiang. Such meetings are routine, and a monthly meeting of middle and senior management personnel is usually held every two to two months.
On the same day, Wu Changjiang did not appear at the venue.
However, it is quite appropriate that Wu Changjiang, who has been silent for more than 20 days on Weibo, has issued five Weibo posts since the 12th on the 12th, refuting the accusations against him.
"There were many media reports in the past two days reprinting the three conditions that Mr. Yu allowed me to return to NVC. In fact, everyone with a clear eye knows that he is criticizing me and attacking me. 1. Saying that I have concealed the truth from the board of directors; 2. Say me There are improper related transactions; 3. Say I don't respect the board of directors. These three crimes are big enough, but I will never accept it!" Wu Changjiang wrote on Weibo.
Once a firefighter
The accusation that Wu Changjiang could not accept was from his "firefighters".
In 2005, NVC lighting faced a split. Wu Changjiang’s consideration of the return of all shares of NVC Lighting to his own company was 160 million yuan. The two shareholders took away 100 million yuan in cash at a time, and NVC Lighting was in a financial dilemma. Wu Changjiang embarked on the road of finding money under such circumstances. Until the Safran Fund came in in 2006, NVC Lighting experienced the embarrassment of dismantling the East Wall to fill the Western Wall. At that time, the shackles of funds were a firefighter for Wu Changjiang.
NVC Lighting was listed on the main board of the Hong Kong Stock Exchange in May 2010. It has previously absorbed venture capital investments such as Safran Fund and Goldman Sachs, and introduced the multinational giant Schneider Electric into shares in July 2011.
The above shareholding led to the dilution of the company’s founder Wu Changjiang’s equity.
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