Wu Changjiang was formally transferred to the procuratorate arrest

NVC (02222.HK) founder Wu Changjiang on suspicion of the crime of misappropriation of funds (involving more than one hundred million yuan), on the afternoon of January 5th has officially been the Public Security Bureau of Guangdong city of Huizhou province was transferred to the Huizhou Municipal People's Procuratorate approved the arrest.

In accordance with the relevant legal procedures, the procuratorate will decide whether to arrest Wu Changjiang in the next 7 days. If the procuratorate to arrest decision, the next investigation will be Wu Changjiang. After the investigation, the suspect will be transferred to the prosecution to prosecute.

However, sources said that due to the high degree of social concern in the case, the local procuratorate attaches great importance to, or to discuss whether to postpone the meeting to make a decision to arrest.

So far, Wu Changjiang has been jailed for nearly a month. At the beginning of December 2014, the Huizhou Municipal Public Security Bureau on suspicion of embezzlement crime investigation of Wu Changjiang, and in December 6th went to Beijing to take away, then transfer to the Huizhou City Detention of criminal detention.

"Jail life is reading books, watching TV, do, also met with his lawyer. Aforementioned sources said.

Before being taken away, Wu Changjiang in December 2, 2014 wrote the last micro-blog: these two days is too cold in Shanghai, but to see a few dealers in East China, the heart is very warm! In particular, you are no matter what I do, I would like to join hands, let me moved to tears, thank you for your trust and support, I will not give up! Tomorrow will be better! "

All of the shares held by Wu Changjiang Elec-Tech has been frozen

In August 8th this year, NVC released a paper announcement, Wu Changjiang chief executive, NVC chairman and Elec-Tech chairman Wang Donglei served as interim chief executive officer. Notice that the board was informed that Wu Changjiang in 2012 on behalf of NVC Affiliated Companies Huizhou NVC Optoelectronics Technology Co Ltd and its three affiliates (NVC Shandong Development Co. Ltd., Chongqing en Weixi Industrial Co., Ltd. and Zhongshan love the Holy Land Division) each signed a license agreement, the three companies awarded the rights to use NVC brand for a period of 20 years".

Subsequently, two people without the help of the media, against each other, mutual exclusion of the interests of the transfer, trying to empty the company.

In August 29th, NVC held a provisional shareholders meeting in Hongkong, voted to consider "the removal of Wu Changjiang's board of directors and board committees at any position in motion". At the meeting, more than 95% of shareholders voted in favor of the recall of Wu Changjiang. Perhaps in anticipation of the results, Wu Changjiang did not appear in the scene of the shareholders' meeting, instead of acting in the venue by its attorney issued a lawyer statement".

This is the third time Wu Changjiang left his hand to create NVC.

In addition, it is worth noting that, in December 17th, de Ho Runda (002005.SZ) announced that, as the second largest shareholder of the company Wu Changjiang, at present all the shares held by the company has been the Chongqing Municipal Higher People's Court of justice, waiting to freeze, waiting to freeze the number of 130 million shares (accounting for 9.31% of the total share capital of the company), commissioned by the date of December 12th, the waiting period for 24 months.

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