Investors rebuked Wang Donglei: the suspension of fraud

In November 14th, more than 3 months of suspension Elec-Tech announced the termination of major issues and resumption of trading. 15, opened at 7.35 yuan / share, down by 9.82%, as of the end of 14, when the exchange rate of 12.84%, turnover of up to 1 million 495 thousand and 900.

Elec-Tech originally planned to sell all business related to the LED lighting business assets and liabilities to a subsidiary of NVC. Because during the suspension of NVC and its former director, Wu Changjiang CEO dispute, Wu Changjiang gradually exposed due to security breaches, so NVC was forced to deduct the bank 549 million yuan, 53 million 850 thousand yuan by the judicial freeze. Elec-Tech said that NVC is currently unable to cash in, do not have the additional shares of the time window, so the termination of this merger, and commitment to the future 3 months planning the major issues.

This news came out, investors have expressed anger. Some investors said, Elec-Tech suspended for three months is the result of individual irresponsible, "in fact, the suspension is a hoax. Everything is under the guise of only one purpose, to get control of nvc". But some analysts have pointed out that the announcement Elec-Tech should be "hazy positive", "not just a form of integration, the current position is more favorable to integrate Elec-Tech can enjoy NVC, sales network, and can supply the acquisition chip, LED lighting and chip dual profits, after the integration of NVC more favorable LED lighting, exclusive profit. In any case, China is the biggest winner".

Frankly Elec-Tech chairman Wang Donglei recently in an interview, whether it is NVC or Elec-Tech business this year, all have great influence. "NVC greater impact, Elec-Tech relatively much better. NVC originally planned 1 billion yuan, 800 million yuan budget lighting business only half finished, only half finished chip business. But the impact of the impact on how much, he did not give detailed data. Financial network reporter for this connection to the company's responsible person, but the phone has been in a state of no answer.

Data show that as of September 30, 2014, NVC Elec-Tech holds shares 846 million shares, accounting for 27.03% of the total share capital, is the largest shareholder of NVC. From product management, Elec-Tech production is the LED light source products, NVC production is the traditional energy-saving lamp products, there is a strong complementarity of the two businesses. With the LED industry boom continues to rise, Elec-Tech as the only LED vertical integration enterprise, since this year the performance continues to rise. Due to the growth in sales of small household appliances and LED industry production capacity, chip, packaging sales growth in the first three quarters of the company achieved net profit of $70 million 453 thousand and 900, an increase of 196.15%.

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