Wu Changjiang: once again to restore the completely left out

In recent years the rapid rise of lighting company NVC major personnel changes. NVC today released the morning announcement, said the company created Wu Changjiang for personal reasons, resigned as chairman, executive director and chief executive officer, the board of directors of all committee duties, and resigned from the company for all posts all Affiliated Companies. The successor to the company's non-executive director, the Asia Pacific Fund founding partner Yan Yan, in addition, the announcement also announced the appointment of Zhang Kaipeng as ceo.

NVC's announcement did not provide more information, this major personnel changes behind full of questions.

Affected by this news, NVC shares fell sharply. As of 10:13, NVC fell 31.82% to HK $1.5. Temporary turnover of HK $84 million 70 thousand. NVC shares yesterday fell 7%.

Results show that the company's revenue in 2011 reached $590 million, compared with $470 million last year to $25%, net profit increased from $21% last year to $86 million 500 thousand to $71 million 340 thousand.

Once again to restore the founder of exit left

Wu Changjiang known as lighting madman, in 1992, Wu Changjiang came to Guangdong, Panyu, into a Hong Kong Lighting enterprises. In 1994, the joint seven or eight registered Huizhou Minghui electric company, with a total capital of only $100 thousand. But by the end of 1998, Wu Changjiang with two high school students get 1 million yuan, the establishment of the Huizhou Leishi Optoelectronic Technology Co Ltd.

When the NVC is established, the Pearl River Delta region lighting companies have at least 3000, no one noticed the existence of nvc. But because the business strategy selected store model, the development of the rapid growth of nvc.

But in the rapid development to 2005, there was a serious disagreement between the 3 shareholders, the other two shareholders believe that a few years ago has been invested, now the money should be divided; and Wu Changjiang believes that the enterprise is not enough, the money should be invested! Both sides do not compromise between the shareholders. The final showdown! Vote, two votes, one vote against Wu Changjiang, he was asked to go out! 80 million yuan after the exit of nvc. But in the end due to the supplier's support, Wu Changjiang returned to the NVC, the other two shareholders.

Today issued a statement, announced that Wu Changjiang would resign from all positions in NVC, Wu Changjiang will show second times out of the company he founded and grew up enterprises, at the same time, "resigned all positions also said that this time, Wu Changjiang will completely leave.

What happened in the end, the current level of the company did not disclose any details.

Venture capital companies listed to seize the largest shareholder seats

NVC after several years of development, has become the industry's leading lighting companies, and attracted Goldman, Softbank and other multinational investment company, July 2006, Saif $22 million investment into account, and access to NVC about 35.7% class a preferred shares. But Saif also has certain constraints on NVC, included in the annual performance bonus, and transfer restrictions, preemptive right, right of redemption and other requirements are made clear. 2008, the tournament once again inject $10 million, the total stake reached 30.73%, more than the founder of Wu Changjiang holdings of 29.33%, becoming the company's largest shareholder.

Because venture capital is given and the pressure to push NVC finally in May 20, 2010 successfully landed in Hongkong stock exchange market, with the mainland lighting enterprises become the only one with international capital. Three months after the listing, NVC shares rose 100% in the doldrums, the Hong Kong stock market thriving. After the listing, Saif in NVC's stake diluted from 30.73% to 23.41%, the largest shareholder of the company has not yet. Another venture Goldman Sachs shares held by 9.39% diluted to $7.15%.

Chief executive officer Schneider

The announcement also announced the appointment of Zhang Kaipeng as chief executive officer, and signed a 3 year service contract. Previously, this post by Wu Changjiang concurrently.

Notice provided by the resume shows that Zhang Kaipeng since 2010 served as director of the global supply chain in China, China's low-voltage terminal operations director, responsible for low-voltage electrical terminal division of industrial operations in the. From 1996 to 2009, Mr. Zhang had worked in Tianjin MGE Co. Ltd, Shanghai Schneider Industrial Control Co. Ltd., Schneider Fuji (Dalian) Co., Ltd. Schneider breaker (Shaanxi) Baoguang Electrical Appliance Co. Ltd. and Shanghai Schneider industrial control co..

The announcement also revealed that NVC had two executive directors Mu Yu only retained executive director, executive director of the company as the only. Previously, Mu Yu, vice president of the company, mainly responsible for the company's R & D and production management.