Game over? LED business will be incorporated into the BDO NVC

In the "beat NVC storm" Wu Changjiang Wang Donglei said, "GameOver! "

Yesterday (November 11th) at noon, said de Ho Runda and NVC chairman Wang Donglei in an interview in Beijing, de Ho Runda LED lighting business will be incorporated into NVC, which focused on small appliances and chip business, then NVC at least 90% chip business will be collected from de Ho Runda; in addition, Saif fund focused on financial investment, may sell hold its stake in NVC.

Elec-Tech secretaries Dunfee told reporters, Elec-Tech with Saif fund reached a structured protocol, or priority over the latter held NVC stake, to avoid the impact of tier two capital market.

The reporter was informed that the Elec-Tech is expected this Friday resumption, NVC is expected to resume trading next week.

Business and asset integration

Wang Donglei said, in the past 3 months did not sleep well at night, do not know what will happen second days and basket, because Wu Changjiang is indeed a powerful opponent". After the Wu Changjiang "+ Wendou Wudou", Wang Donglei or Wu Changjiang's "courage, resourcefulness and the ability to lead the team affirmed.

Wu Changjiang left NVC, which holds 130 million shares of Elec-Tech has been waiting for justice to freeze. Wang Donglei said, then proceed with the integration of the business and assets of Elec-Tech and NVC. NVC will continue in 2012 before the glory, for Wang Donglei is "a top priority". He admitted that NVC has been placed under the spotlight of every act and every move.

"We were acquired (NVC) for the purpose of upstream and downstream integration and complementary advantage, because it involves some personal interests, so promote the progress is not so fast. "Wang Donglei stressed that the overall positioning of the two companies will not change, Elec-Tech will rely on its research and development technology and LED platform in the industry, the rapid promotion of NVC's LED transformation; in addition to in vitro injection" assets ", LED lighting business will be fully incorporated into the NVC China and NVC, at least 90% of the chip business will be special for Elec-Tech"".

The reporters found that the first half of 2014, the small household electrical appliances and LED chip and application revenues were 882 million yuan and 1 billion 43 million yuan, accounting for 46% and 54% Bigeyue in operating income; over the same period, NVC lighting products, lighting products and lighting electrical products revenues were 1 billion 86 million yuan, 500 million yuan and 116 million yuan, including lighting products sales year-on-year an increase of more than 20%, mainly because of LED lighting products sales rose 82.1%.

Wang Donglei said that last year sales for NVC's chip Elec-Tech, accounted for only 6% of the amount of the purchase, for the future, Wang Donglei said: "I believe that NVC at least 90% of the chip will be Elec-Tech supply next year. "

When asked about the "NVC future management team structure", Wang Donglei said, the management team will come from NVC and external hires, Elec-Tech, 1 ~ 2 years, NVC management team will personally by Wang Donglei at the helm.

Asia Investment Fund

Wang Donglei wants to re sort and structure of NVC's management team is not easy, because there are Saif fund exists.

NVC's 2014 semi annual report shows that by the NVC international BDO Runda shareholding ratio of 27.03%, as the first major shareholder; Saif investment fund 18.50% stake, NVC is the second largest shareholder. Some investors worry that NVC shares fell one after another wave of struggle.

In this regard, Wang Donglei said that Saif fund focused on financial investment, may sell its stake in NVC in the future.

To Deng said, with Elec-Tech Saif fund reached structural agreement, is expected to take over its holdings of NVC preferred equity, avoid the influence of tier two capital market; and the assets and business integration, to achieve Elec-Tech absolute holding the goal of NVC, the shareholding ratio of more than 51% at least.

In addition, for Wu Changjiang is preparing for the O2O business, Wang Donglei said, NVC's O2O concept of a complete study during the Spring Festival this year, next week and more than 30 operators and distributors representatives meeting in Beijing, the official launch of NVC's O2O business.

Wang Donglei added that Elec-Tech and NVC are planning to make all over the country's more than 3 thousand retail stores in the mobile Internet environment to complete the "last mile" role, directly provide products and services for the consumer terminal design and post.

According to the "Elec-Tech shares Weimei Shengjing company, to achieve transfer of benefits and performance fraud question, Dunfee said, while Sinopec acquired about 2000 Weimei home outdoor media advertising gas station franchise, and has plenty of advertisers, but the project needs larger funds, and 640 million yuan investment Elec-Tech can solve the self and as pressing danger. In 2012, the business relationship with Elec-Tech Weimei spectacular established custom dedicated to the production of Sinopec gas station outdoor LED display.

The 2014 semi annual report shows that the first half of this year, while company operating income of about 33 million 730 thousand yuan, but the net loss of about 22 million 940 thousand yuan. In this regard, Dunfee said that the project is still in the investment period while Weimei, currently 1000 gas station has LED display