The storm subsided and BDO NVC into the fast lane

With NVC storm subsided, de Ho Runda (002005, SZ) and NVC (02222, HK) is a new attitude in front of people. "NVC is a very good capital platform, Elec-Tech also take advantage of the chip and the light field, I believe that the two listed companies in China and global capital market and the lighting industry in the next big chess. "Elec-Tech and NVC chairman Wang Donglei on two listed companies after the integration of confidence.

Industry analysts pointed out that the current major shareholder of BDO Runda is accelerating the integration of NVC, as the lighting industry leader NVC, its internal governance is also gradually improve, and do Elec-Tech channels with the brand advantage of the chip in the NVC after integration, gradually formed downstream complementary advantages, the two sides are gradually moving toward a win-win situation.

Corporate governance is improving

It is understood that the current Elec-Tech has been re organised management personnel stationed in NVC, NVC is improving internal governance.

"As long as the listed company in accordance with the standard to do, NVC's own brand and channel belongs to the lighting industry leader, has great advantages, can develop very well. "NVC is confident a Jiangsu dealer next NVC development.

Elec-Tech said, now NVC has been in strict accordance with the rules for the management of Listed Companies in the election of a relevant management, and to develop more stringent regulations to regulate the management behavior, and mainly discussed business partners and personnel more reasonable arrangement, corporate governance is gradually perfect.

Elec-Tech believes that it is thanks to the original NVC most operators and staff support, NVC Zhao Mingcai gradually on the right track in the business and internal governance, and to recover the fastest NVC products in the production and supply of major base.

Wang Donglei said the takeover of NVC, the first step to do is to restore the NVC brand, "through our timely delivery and new product development, rapid recovery of consumer and customer confidence in NVC. "

Secondly, the board of directors of the overall control of the NVC system, will be related to the electricity supplier channels, Home Furnishing lighting and outdoor lighting gradually incorporated into NVC's management system, these have become NVC new business growth.

"A company only to strengthen the construction and management of the modern enterprise system, to long-term healthy development, without a standardized management of the company, not the establishment of modern enterprise system, it is impossible to go far, it is impossible to maintain the interest of shareholders and investors. Wang Donglei said.

"We are also very supportive of these dealers most of the board of directors, because we have to pull together in times of trouble, in order to safeguard the NVC brand, including maintenance staff and dealers for hundreds of thousands of jobs. Jiangsu, a dealer said.

"The storm subsided, for future development, now these dealers have more sense of security, we hope to have a more normal operation of listed companies, only to standardize the operation, NVC can go further. "A Sichuan dealer representative said.

"Until today, we look to the future, I believe that NVC will develop better in the future, with a modern corporate governance, has a good brand and channel the company's image to show to everyone. Wang Donglei said.

Integration of the two sides to promote win-win situation

One is the lighting industry channel and brand leader, is a leading upstream chip light source, and the depth of integration of the NVC Elec-Tech brings to the industry, is more and more big imagination.

Positioning for the future, Wang Donglei has said that after the integration of two independent listed companies will be clear division of labor, close collaboration, resulting in the integration of upstream and downstream multiplier effect.

"Elec-Tech do focus on the light source, using the large-scale manufacturing in the upstream of the LED cost advantage, while NVC will give full play to its brand and channel advantages of lamps, products are completely different types of positioning. Wang Donglei said the two companies will create higher shareholder value.

Wang Donglei said, for NVC, because you can use a lot of the most Elec-Tech chip resources, and can be Elec-Tech advanced LED manufacturing experience in internal NVC promotion, NVC LED will reduce large-scale production cost.

As for this year since the BDO Runda, production efficiency is good, more than and 50 sets of MOCVD equipment are operated to achieve full production, the new chip factory in normal construction, will also benefit from the integration of the effect of both.

"In 2013, Elec-Tech sold to NVC chips accounted for only 6% of the two companies, after fusion, believe that NVC will use 90% chip Elec-Tech and NVC, the country's best channels can fully cover the BDO product sales. Wang Donglei revealed.

Wang Donglei said that if NVC next year to sell 2 billion yuan LED products, 20% of the devices will be able to pull 400 million yuan of sales revenue Elec-Tech devices.

Ping An Securities Research Report also believes that the NVC event ended, Elec-Tech with NVC channel advantage, will benefit from two aspects.

On the one hand, with the completion of the acquisition of Elec-Tech Leishi photoelectric 27% stake, Elec-Tech obtained good