Wu Changjiang stealth behind the scenes "open elec-tech"

BDO into the Department of NVC only more than a year's time, the success of "please go" NVC founder Wu Changjiang.

NVC (02222.HK) days before the announcement, NVC founder Wu Changjiang quit NVC board position 10 Affiliated Companies. Among them, Huizhou NVC lighting and NVC (China) and by NVC Group Chairman Wang Donglei as the new chairman of the board. Capital rich suspense drama of NVC, is experiencing the largest department of NVC executives "cleaning controversy".

NVC control conjecture

Wu Changjiang return to NVC after a year and a half, out of all the directors of the Affiliated Companies and had seats, by Wu Changjiang hand has become a comprehensive introduction of Elec-Tech a party in charge of NVC. The reporter understands, executive director, Wu Changjiang still served as the president of NVC. For this story, the outside world is filled with Wu Changjiang "wolf" is not the enemy force that sound.

NVC secretaries talk Eagle stressed to the media, "Wu Changjiang I also agree with the adjustment scheme. "The main purpose is to strengthen the adjustment of the NVC board of directors management, reflects the interests of the shareholders of the balance, also meet the requirements of governance of listed companies.

From the return of Wu Changjiang NVC frequently movement, it is not difficult to see that the plot track control force.

In December 2012, after the first event with the capital side struggle for as long as half a year after the return of Wu Changjiang NVC, is the introduction of elec-tech. Elec-Tech spend HK $1 billion 650 million, to absorb Wu Changjiang's shares by way of acquisition of NVC stake of about 20%. After a series of ownership changes, in the past April, Elec-Tech again 500 million Hong Kong dollar holdings of NVC 6.86% stake, currently, with 27.10% of the total equity as the first major shareholders to nvc.

"The original introduction of the industry think is Wu Changjiang Elec-Tech, find the coalition forces, the power balance of the shareholders a matter of expediency. The analysis had cooperation with NVC's suppliers to the reporter, this year, NVC on the one hand to strengthen the integration of resources and strengthen their own LED in Elec-Tech, the development of hand.

In fact, after NVC struggle, Wu Changjiang control of NVC further weakened, Wu Changjiang not the Jedi, Elec-Tech is a NVC not only can accord with the overall interests of the company, and with Wu Changjiang I can enhance control force force.

In the opinion of the supplier, Wu Changjiang on the surface by "please go", "retreat", is in the rear by Elec-Tech, promote the development of NVC elec-tech. "It seems that in our industry, this has been regarded as outlaws of the marshes figure, is estimated to be in the capital, and foreign giants in the struggle, a open society. He commented.

It is understood that, at this time Wu Changjiang has been strengthening the penetration of the Elec-Tech operation, which not only holds Elec-Tech nearly 10% of the shares, the backbone of more than the original NVC was transferred to BDO office, such as the original NVC dealer channel responsible for vice president Xu Fengyun, is now vice president of china.

Wu Changjiang Department of the backbone and the interaction traces system obviously elec-tech.

Wang Donglei said, since Elec-Tech become NVC shareholders, in fact, doing business with Wu Changjiang is a good partnership, NVC, Elec-Tech or two interests is highly bound.

The power pattern of change, also reflects the balance of power struggle just to consider Wu Changjiang.

Announcement shows that the board seat adjustment, reflects NVC's board of directors includes multi power, in addition to Xiao Yu, Wang Donglei BDO representatives to the board of directors of the Affiliated Companies, Schneider Chinese President Zhu Hai, Saif partner Lin Heping also joined Affiliated Companies as a board representative, director.

Wu Changjiang new direction

"Through the control of more practical, promote a new direction in the development of NVC. "This is a NVC dealer in several times this year after the investment direction, NVC felt.

He said that in the investment conference, Wu Changjiang still appear as the identity of the family, as always behind the dealer brothers".

Industry observers believe that since the interests of the community relations with dealers NVC is one of the reasons for the rapid development of NVC, thanks to his "loyalty", in support of dealers, the latter loans and incentives, and ultimately the formation of brotherhood".

The dealer referred to the "new direction", NVC is in the LED direction of the imagination, which is regarded as the industry consolidation in the Yangtze River Wu Elec-Tech leveraging NVC strength business.

This year, NVC continue to launch new products in the field of LED, the current NVC has become the industry's most complete series of products LED lighting company. In 2014, LED new conference, NVC President Wu Changjiang said the participants, "the next 3 years, LED industry will usher in the explosive growth. Quickly put NVC's sales to Ela tens of billions more to attack the lighting industry, the top three in the world. "

It is reported that in 2013, NVC LED lighting products sales amounted to nearly 1 billion yuan, accounting for less than 5% from 2012 to about 20%. Wu Changjiang said that this year is the development of China's LED lighting industry watershed, will further enhance the proportion.

In the past, the industry believes that the NVC response in LED lighting field is slow, the decline in performance for the NVC crisis. nowadays