Although NVC's "King" holding power struggle to come to an end, but the subsequent lawsuit caused by the incident has just begun.
On October 8th, chairman Wang Donglei confirmed in Elec-Tech accept the "China Times" reporter, Wu Changjiang in the equity court has been indeed Elec-Tech frozen, but it is not for the company. Earlier in September 30th, China issued two notices that Elec-Tech held by the second largest shareholder of the company, NVC founder Wu Changjiang 130 million shares have been in a frozen state judiciary.
After driving into the media in the NVC "King" the battle for control, full of "gambler" said Wu Changjiang is losing ground. The first is by the board of directors from NVC chief executive, after cancellation of executive director post, just calm for a long time, but Wu Changjiang was the agent to the court, even Elec-Tech all the shares have been frozen, continued silence of Wu Changjiang and the cards?
Wu Changjiang's new injury"
Prior to the cross shareholding was optimistic about the industry, radar love due to the upgrade of the King Wu holdings to crack.
Relevant information, Wu Changjiang and Elec-Tech after the agreement, Wu Changjiang holds a total of Elec-Tech shares to 130 million shares, all tradable shares, the total share capital of the company 9.31%.
In September 30th Elec-Tech announcement, confirmed that the total capital is waiting for the court to freeze Wu Changjiang's stock to buy 9.31% cross shareholding, 130 million shares, worth about 1 billion yuan.
In October 8th, Elec-Tech related to the "China Times" reporter confirmed that the company received notice of execution to assist the court to send by registered mail. ". According to "assist in the implementation of the notice" statement, Tibet Linzhi Fu investment company limited and new world [-0.59% funding research report] strategy (Beijing) Investment Consultants Ltd. and Wu Yangtze River have loan disputes, the court subsequently froze Elec-Tech shares held by Wu Changjiang. Freezing period from September 18, 2014 to September 17, 2016, a total of two years.
On the same day, Elec-Tech chairman Wang Donglei also told reporters that this is not the company froze Wu Changjiang's equity, the main reason is that Wu Changjiang owed agency debt, freezing agents Wu Changjiang shares, "Wu (Yangtze River) things for us, this page is over! "
Announcements, June 17, 2014, Wu Changjiang due to funding needs, will hold its Elec-Tech shares 72 million 222 thousand and 200 shares pledged to the Tibet Linzhi Fu investment company limited; 57 million 777 thousand and 800 shares pledged to the New World Strategic Investment Advisory Co., total 130 million shares pledged shares. In fact, this means that the pledge after Wu Changjiang held Elec-Tech all of the shares pledged state.
Due to loan disputes, Tibet Linzhi HuiFu and new world strategy will be Wu Changjiang and Huizhou NVC Light Environment Engineering Co. Ltd., Shandong NVC Development Co. Ltd., Chongqing en Wei West Industrial Development Co. Ltd. and other units to court, request to freeze Wu Changjiang BDO Runda company. Subsequently, all the shares held by the company Wu Changjiang has been waiting for the Chongqing high people's Court judicial freeze, commissioned by the date of September 25, 2014, waiting for a period of 24 months.
In this regard, a number of interview with reporters, insiders said, the Wu Changjiang was waiting to freeze in Elec-Tech equity for Wu Changjiang, or let it return to the idea of NVC completely vanish like soap bubbles. "The shares may make Wu Changjiang Elec-Tech and Wang Donglei bargaining chips, but this was Wu Changjiang freeze all its shares Elec-Tech agents, this trick is a fundamental solution for Wu Changjiang, also let Wu Changjiang lost all the cards. "
October 8th, Wu Changjiang spokesman Shi Yongjun to China Times reporter, said the reporter will then send the relevant materials, as of press time, the reporter has not yet received the other response.
According to the reporter, from September 29th onwards, NVC was removed from the Hang Seng Index, the Hang Seng China generalized consumption mainland consumer goods manufacturing index, the Hang Seng Index and the Hang Seng [0.54%] global index.
Wanzhou factory remains a mystery
Although Wang Donglei and Wu Changjiang said the NVC competition has come to an end, but NVC has made the company infighting weakened, NVC has been suspended, while Wanzhou plant remains in suspense?
Since August 8th, NVC released the removal of duties founder President Wu Changjiang after the announcement, "two NVC Wanzhou factory for the controller has never been stopped, and a series of violent events continue to unfold around NVC.
According to media reports, the afternoon of August 8th, NVC chairman Wang Donglei led dozens of unidentified persons broke into the NVC is located in the Chongqing international financial center headquarters office, forced open the safe, took the Wanzhou company's seal and certificate. Since then, Wang Donglei used the Wanzhou factory official, China NVC and Wanzhou plant for the production and management of all bank accounts were frozen.
Although Wang Donglei got the official, but the Wanzhou factory is still in control of the founder of the hands of Wu Changjiang, then, in the Yangtze River Wu and other relevant responsible person's insistence, lost the official seal of the company's factory in Wanzhou or to return to work, but because of the company's accounts are factory seal sealed, the wages of the workers eventually unable to issue, eventually stalled factories.
Why Wanzhou factory
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