NVC issued a profit warning is not optimistic

NVC (02222) issued a profit warning, is expected for the year ended December 31, 2014 recorded a significant loss attributable to owners of the parent company.

NVC said the Wanzhou factory from August 8, 2014 to early November 2014 to suspend production, and Mr. Wu Changjiang was dismissed after Mr. Wu and his supporters refused to hand over control of NVC (Chinese) Co. Ltd. Chongqing office, the adverse impact of the above on the group's normal management and business operations, the group is expected in the second half of 2014 recorded a low the revenue and gross profit.

In addition, the group plans for Mr. Wu claimed on behalf of NVC (Chinese) Company Limited signed a series of pledge and guarantee agreement provision of a large number of potential loss provision. At present, the company is taking legal action against Mr Wu and others in China for the purpose of protecting their own interests.

In view of the above reasons, NVC in 2014 is expected to record significant losses.