In the process to go only BDO NVC Wu Changjiang intends to return to the board before the Spring Festival

Since May 2012, NVC was forced out of the palace "[2.15 1.42%] (hereinafter referred to as" NVC ") founder Wu Changjiang has been unable to return to the board. Recently, Wu Changjiang began leveraging Elec-Tech [7.10 0.85% shares research report] (hereinafter referred to as quotbdoquot) to regain power back to pave the way. With the BDO shares NVC, Wu Changjiang against two NVC shareholder Saif and Schneider seem to have a new chip. According to Wu Changjiang's personal schedule, if no accident, he will return to the board before the spring festival.

In December 26, 2012, the domestic large enterprises LED BDO without warning a HK $1 billion 650 million acquisition of NVC about 20% stake, becoming the largest shareholder of nvc. Almost at the same time, Wu Changjiang and BDO subscribed 130 million shares of non-public offering. BDO and Wu Changjiang between "mutual exchange" and "family", sometimes triggered an infinite conjecture.

With the BDO involved, Wu Changjiang and Saif, Schneider against the deadlock will be broken. Previously, Wu Changjiang was both out of the NVC board, NVC strike, so once occurred in the supply and marketing system collapse earthquake, and Wu Changjiang several times to return to the board of directors has failed.

Today, a gambler called the Wu Changjiang alliance BDO, with the same gamble of BDO chairman Wang Donglei were allies. Wu Changjiang to sell shares behind what intentions, why Wang Donglei scored another NVC, forces stationed can change the NVC pattern? Two days after the LED photoelectric alliance, is a friend or foe is a blessing or a curse, no set number. NVC will again move, repeat it?

Look, the NVC battle for equity is still a lot of things, far from the curtain call.

While in the BDO NVC

In December 26, 2012, BDO NVC released the latest news of the acquisition, the statement said, a major shareholder of BDO NVC and NVC Inc. signed the "equity transfer agreement", to be held by the transferee 373 million NVC common stock to NVC Inc. (with dividend rights), which accounts for NVC has issued 3 billion 158 million of the total number of ordinary shares 11.81%.

Previously, between December 11, 2012 and 21, BDO has been on the Hongkong stock exchange and OTC exchange so the total purchase NVC 260 million shares, 8.24% of the shares acquired nvc. So far, 20.05% of the shares held by BDO NVC NVC, became the first major shareholders, and the other two NVC strategic shareholder Saif Yan Yan and Schneider were holding 18.48% and 9.21%.

The NVC Inc. Wu Changjiang wholly owned Affiliated Companies, which is from the hands of Wu Changjiang BDO NVC bought 11.81% of the shares. After the transfer is completed, Wu Changjiang shares will remain only 6.79%.

It is difficult to understand, after Wu Changjiang has been keen to increase its stake in the NVC to improve the right to speak, only between June 11, 2012 to 12, two, total holdings of 6 million 765 thousand shares, involving an amount of about 12 million 270 thousand yuan, the shareholding increased to 19.19%, the first to regain the status of major shareholders.

And in December 5, 2012, Wu Changjiang also spent HK $168 million, holdings of 84 million shares, after the change of ownership rose again to $22.07%. For this move, the interpretation of the outside world in order to actively return to the board of directors Wu Changjiang.

This time the sale of shares seems to be not according to common sense, why Wu Changjiang now decided to abandon the hands of the stock? In addition, according to the projections of the Wu Changjiang holdings, transfer and existing equity, at least more than 3% of the shares has disappeared, this is also related to the transaction price of BDO inside and outside the game?

On the other hand, Wu Changjiang also spent 760 million yuan to subscribe for 130 million BDO for non-public offering of shares to raise funds for the issuance, the future will become the two largest shareholder of Dehaodi. Wu Changjiang down the average purchase price of 5.8 yuan per share, much lower than the market price of $7 level, immediately attracted hundreds of millions of media questioned the benefits of its sale.

Wu Changjiang day prior to the weekly Times reporter had to say in response to this: I have never thought about cash profit. The issuance of the price, because the lock up period of three years to consider, as well as the future market cautious attitude, BDO according to the regulations, with the average price 20 days before, hit 10 percent off. I personally create NVC is children, I will not give up the NVC, said that I sell shares of profit is simply groundless statement. If I want to cash out, the first half of last year has long gone. "Wu Changjiang told reporters that the BDO and cooperation is a strategic decision.

The company did not disclose the specific object of OTC to reporters. But for the BDO "buy low and sell high doubt, secretaries Dunfee told the weekly Times reporter," we are brand value and network value of NVC, this is very reasonable premium. "

BDO internal executives admitted to reporters that: "to buy a huge marketing network of the company's cost-effective, Dehaode a bargain. If the NVC did not last year's internal strife, but a unity of foreign companies may not have the opportunity to bdo. "

Wu Changjiang regression path fadein

As Wu Changjiang lamented to reporters: I was the founder of the past, but also a single major shareholder, but also how? The board can't go back. So, with the help of the new BDO strategic partner is Wu Changjiang now a helping hand, the best choice.

On the surface of Wu Changjiang gave NVC the location of the first major shareholders, but in fact Dehaodi become the two largest shareholder, which makes him more easily through business cooperation with BDO NVC control.