Sad zai! Wu Changjiang or from the NVC cleanse the family"

According to the rule of law over the weekend reported, according to informed sources, the shares held by Wu Changjiang was frozen or waiting to freeze is due to Wu Changjiang by a creditor to court debt litigation, these creditors including NVC, but far more than a NVC. If Wu Changjiang loses, and can not repay the debt in a timely manner, then these frozen shares will be the court of public auction, used to repay debt. Since so, Wu Changjiang could neither NVC nor Elec-Tech shareholders, shareholders, that is to say, the two companies in the future may have a relationship with Wu Changjiang is not.

Wu Changjiang in Guangdong at the end of 1998 in Huizhou founded NVC, he never dreamed that his future will because of this enterprise -- walls chained and thrown into prison. January 4, 2015, Guangdong City, Huizhou City People's Procuratorate approved the arrest of Wu Changjiang, on suspicion of misappropriation of funds.

Prior to August 8, 2014, NVC announced that the board of directors to recall Wu Changjiang chief executive officer and Wu Ma Qidi sent Wu Changyong, Mu Yu, vice president Wang Minghua. This series of moves means that NVC has completely change dynasties, opened a new page: the Wu Changjiang era ended, the Wang Donglei era is coming.

Though a desperate, but Wu Changjiang knew that this time is probably huitianfali, they had never founded a hand, the development of NVC. For Wu Changjiang and his faction, perhaps the nightmare is far more than that: in April 20, 2015, China announced that the shareholdersholdings Wu Changjiang Elec-Tech company, by the Chongqing first intermediate people's court, the Chongqing fifth intermediate people's court waiting to freeze for a period of 36 months.

The so-called waiting freeze refers to the implementation of the court has frozen the registered property, the implementation of the court can wait for the registration of the freeze. In the case of freezing, the waiting list for the registration shall be automatically.

It is reported that the replacement shares, Wu Changjiang holds Elec-Tech 130 million shares, the shareholding ratio of 9.31%, is the second largest shareholder of bdo. According to the article writing day (June 2nd) the price of 15.16 yuan / share conversion, Wu Changjiang was waiting to freeze the nominal stock market value of about 1 billion 970 million yuan (but held by Wu Changjiang's Elec-Tech stock is currently restricted shares, the actual value may be substantially lower than the nominal value). So far, the number of creditors through the court proceedings to recover debts, Wu Changjiang held by Zhuhai, Chongqing Elec-Tech shares, Huizhou court to freeze or waiting to freeze up to eight or nine times.

According to informed sources, the shares held by Wu Changjiang was frozen or waiting to freeze is due to Wu Changjiang by a creditor to court debt litigation, these creditors including NVC, but far more than a NVC. If Wu Changjiang loses, and can not repay the debt in a timely manner, then these frozen shares will be the court of public auction, used to repay debt. Since so, Wu Changjiang could neither NVC nor Elec-Tech shareholders, shareholders, that is to say, the two companies in the future may have a relationship with Wu Changjiang are not, in other words, Wu Changjiang or from the two enterprises to "cleanse the family".

Wu pour money maneuvers surgery

From the point of view of information, let Wu Changjiang in jail, is the administrative duties Wu Changjiang use his position as chief executive of NVC, executive director, as affiliate of their personal security breaches, involving up to 600 million yuan, accounting for about a year of sales NVC 1/6, NVC 2014 sales of less than 4 billion yuan.

NVC was founded in 2014 by the board of directors of the independent non-executive directors Li Gangwei, Wei Hongxiong Wang Xuexian, an independent investigation committee and executive director Lin Heping composed, dedicated to Wu Changjiang, and Wu Changyong, former vice president of the investigation Mu Yu, Wang Minghua and other illegal acts within the department.

According to an independent investigation committee shows that Wu Changjiang used NVC Holdings Limited a wholly-owned subsidiary of NVC (China) Company Limited (hereinafter referred to as the Chinese to guarantee NVC) affiliates Wu Changjiang personal borrowing from banks. It is reported that these affiliates are Chongqing Lei Lijie Industrial Development Co. Ltd. (hereinafter referred to as Lei Lijie company), Western Chongqing en Wei Industrial Co. Ltd. (hereinafter referred to as the West en Wei company), Chongqing Huabian Lamp Manufacturing Co. Ltd. (hereinafter referred to as the huabiaocompany's), Chongqing Wuji real estate development Company Limited (hereinafter referred to as the no Real Estate Company) and Chongqing river surface treatment Co. Ltd. (hereinafter referred to as Jiang company). They are controlled by relatives and friends of Wu Changjiang, the company is the shadow of the company, to provide a variety of facilities, such as the company, the company has a 40% stake in Wu Changjiang's father-in-law, Wu Xianming, Wu Changjiang.

Wu Changjiang these individual affiliates from banks made huge loans to NVC China of the bank's deposits as collateral. For example, an independent investigation committee issued a number of NVC specific security protocol, such as a bank en latitude West Corporation and Lei Lijie loans, according to the security agreement is made to the China Chinese NVC NVC bank deposit 173 million yuan, as of the company and West en Wei Lei Lijie company from China Dadukou branch of bank borrowing related loan guarantee. In the west before en Wei and Lei Lijie were borrowing loan payments, without China written consent Dadukou branch of bank, Lei