Faced with a situation in which suppliers broke supply, employees wanted to disperse, and the dealership system had to be disassembled, Wu Changjiang, the founder and former chairman of NVC Lighting (02222.HK), rushed to several factories to soothe workers in recent days, and worked with employees at the Chongqing headquarters. Suppliers communicate to avoid "crashes."
At the communication meeting between Chongqing and suppliers, some people agreed to supply Wu Changjiang's "special shareholders meeting", while others continued to cut off supplies for various reasons.
However, one hour after this communication was opened, Wu Changjiang hurriedly left the room. According to relevant reporters from NVC Lighting Company, the reporter learned that a key person in charge of Chongqing City met with him in the afternoon.
This is the first time after the NVC storm that the chief officials of Chongqing Municipality met with Wu Changjiang, which also meant NVC lighting that was caught in a crisis situation. The official intervention is expected to usher in a turnaround.
It is the first thing that Wu Changjiang did yesterday that the suppliers were resuming supply to appease employees and operating teams, but the bigger challenge came from suppliers.
Yesterday afternoon, Wu Changjiang met with the company’s dozens of suppliers. This is the third move of Wu Changjiang to avoid the collapse of NVC Lighting. Its purpose is to identify with the founder of NVC Lighting as a major shareholder. The home supplier looked at his personal face and resumed the supply of NVC Lighting.
Yesterday, a supplier at the communication meeting with Wu Changjiang stated that after they issued a letter of communication to stop the supply, NVC Lighting’s “incumbent†board of directors issued a message to the public. The supplier only accounts for 20% of the total NVC lighting supplier.
“I don’t know anything about it. I’m the largest lighting component supplier in China. Our 48 suppliers account for 60% of the country’s supply of light fittings. We are not available, and you can’t live in this industry anymore. "A supplier said in an angrily Japanese language on August 20th." You can't sell a brand and you can't say that the main parts supply you with a break."
However, these suppliers claim that these voices are still unlikely to cause the attention of a group of fund managers.
This communication will be opened. When some people agree to supply Wu Changjiang’s “special shareholders meeting,†others claim that they have a number of downstream channels and do not rely on NVC lighting to make a living. Therefore, they continue to cut off supplies. .
The communication that was originally scheduled to begin at 4 pm on the same day will arrive at 2 pm in advance. One hour later, Wu Changjiang hurriedly left.
The reporter learned from related persons of NVC Lighting Company that a major person in charge in Chongqing met him.
This appointment was still continuing when the reporter released the manuscript at 19:00.
A dealer said, “If the local government does not intervene and let its shareholders consume internally, it will be detrimental to the local investment environment. If the local government gets involved in mediation, NVC Lighting’s shareholder dispute may have a fundamental turnaround.â€
Of course, this is only possible, at least for the time being.
Trying to stabilize employees and management “What if our production is chaotic and strikes, what will happen? There will be fakes, there will be (sales channels) sales of other brands, there will be a crash, even if I come back, it is very It's hard to end."
Yesterday, Wu Changjiang said in a room on the 26th floor of the NVC building in Chongqing, saying, "Speak now, calm down."
Wu Changjiang was recently founder of NVC Lighting as a major shareholder and went to Guangzhou Huizhou and Chongqing Wanzhou to appease factory workers. His intention was to stabilize the staff and management of NVC Lighting's headquarters.
NVC lighting crisis began on May 25 this year. On this day, Wu Changjiang signed an application from the company’s lawyer and resigned from NVC Lighting’s chairmanship and CEO position.
However, Wu Changjiang's "responsive hedge" game, and later quickly evolved into a NVC lighting control dispute, Wu Changjiang has no advantage because of holdings, after the relevant case investigation is basically clear, the safe and sound Wu Changjiang has lost The opportunity to focus on NVC lighting - the founder can not even enter the board of directors, but also because of the CEO substitution, lost the old command of the "Shuaim".
As for the management and staff of the company, Wu Changjiang hopes to gain more space for them. For the time being, Wu Changjiang is only an extravagant person because Wu Changjiang is already an “outsider†at this time. Wu Changjiang said that at least we hope that everyone can reach the "special shareholders meeting".
Wu Changjiang said to his old ministry on the 20th, “If you were dug away during this time, you were tempted by money and interest. After I came back, I became a loner and a commander of Guang Bang. How do we start our work? If we are in a mess Now, we have sold more than 3,000 channels to other brands. This is a very serious consequence."
An employee said that Wu always said it was right, but now he said "no", and the right to speak is in the hands of the capital board.
At the communication meeting between Chongqing and suppliers, some people agreed to supply Wu Changjiang's "special shareholders meeting", while others continued to cut off supplies for various reasons.
However, one hour after this communication was opened, Wu Changjiang hurriedly left the room. According to relevant reporters from NVC Lighting Company, the reporter learned that a key person in charge of Chongqing City met with him in the afternoon.
This is the first time after the NVC storm that the chief officials of Chongqing Municipality met with Wu Changjiang, which also meant NVC lighting that was caught in a crisis situation. The official intervention is expected to usher in a turnaround.
It is the first thing that Wu Changjiang did yesterday that the suppliers were resuming supply to appease employees and operating teams, but the bigger challenge came from suppliers.
Yesterday afternoon, Wu Changjiang met with the company’s dozens of suppliers. This is the third move of Wu Changjiang to avoid the collapse of NVC Lighting. Its purpose is to identify with the founder of NVC Lighting as a major shareholder. The home supplier looked at his personal face and resumed the supply of NVC Lighting.
Yesterday, a supplier at the communication meeting with Wu Changjiang stated that after they issued a letter of communication to stop the supply, NVC Lighting’s “incumbent†board of directors issued a message to the public. The supplier only accounts for 20% of the total NVC lighting supplier.
“I don’t know anything about it. I’m the largest lighting component supplier in China. Our 48 suppliers account for 60% of the country’s supply of light fittings. We are not available, and you can’t live in this industry anymore. "A supplier said in an angrily Japanese language on August 20th." You can't sell a brand and you can't say that the main parts supply you with a break."
However, these suppliers claim that these voices are still unlikely to cause the attention of a group of fund managers.
This communication will be opened. When some people agree to supply Wu Changjiang’s “special shareholders meeting,†others claim that they have a number of downstream channels and do not rely on NVC lighting to make a living. Therefore, they continue to cut off supplies. .
The communication that was originally scheduled to begin at 4 pm on the same day will arrive at 2 pm in advance. One hour later, Wu Changjiang hurriedly left.
The reporter learned from related persons of NVC Lighting Company that a major person in charge in Chongqing met him.
This appointment was still continuing when the reporter released the manuscript at 19:00.
A dealer said, “If the local government does not intervene and let its shareholders consume internally, it will be detrimental to the local investment environment. If the local government gets involved in mediation, NVC Lighting’s shareholder dispute may have a fundamental turnaround.â€
Of course, this is only possible, at least for the time being.
Trying to stabilize employees and management “What if our production is chaotic and strikes, what will happen? There will be fakes, there will be (sales channels) sales of other brands, there will be a crash, even if I come back, it is very It's hard to end."
Yesterday, Wu Changjiang said in a room on the 26th floor of the NVC building in Chongqing, saying, "Speak now, calm down."
Wu Changjiang was recently founder of NVC Lighting as a major shareholder and went to Guangzhou Huizhou and Chongqing Wanzhou to appease factory workers. His intention was to stabilize the staff and management of NVC Lighting's headquarters.
NVC lighting crisis began on May 25 this year. On this day, Wu Changjiang signed an application from the company’s lawyer and resigned from NVC Lighting’s chairmanship and CEO position.
However, Wu Changjiang's "responsive hedge" game, and later quickly evolved into a NVC lighting control dispute, Wu Changjiang has no advantage because of holdings, after the relevant case investigation is basically clear, the safe and sound Wu Changjiang has lost The opportunity to focus on NVC lighting - the founder can not even enter the board of directors, but also because of the CEO substitution, lost the old command of the "Shuaim".
As for the management and staff of the company, Wu Changjiang hopes to gain more space for them. For the time being, Wu Changjiang is only an extravagant person because Wu Changjiang is already an “outsider†at this time. Wu Changjiang said that at least we hope that everyone can reach the "special shareholders meeting".
Wu Changjiang said to his old ministry on the 20th, “If you were dug away during this time, you were tempted by money and interest. After I came back, I became a loner and a commander of Guang Bang. How do we start our work? If we are in a mess Now, we have sold more than 3,000 channels to other brands. This is a very serious consequence."
An employee said that Wu always said it was right, but now he said "no", and the right to speak is in the hands of the capital board.
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