On the occasion of the intensification of the NVC lighting incident, its chairman and interim CEO Wang Donglei staged a scene of “Bottom Salaryâ€: announced the establishment of a temporary headquarters and emergency handling committee in Huizhou. Wu Changjiang still abides by Chongqing and insists that Chongqing is the headquarters of NVC Lighting, but the Chongqing headquarters is regarded by NVC as an “illegal headquarters†that bypasses the supervision of listed companies.
Informed sources disclosed that the so-called "Chongqing Headquarters" itself is a false proposition. Since Wu Changjiang announced that Chongqing is the new headquarters of NVC in 2012, the board of directors of NVC Lighting Holdings Co., Ltd. (02222.HK, hereinafter referred to as NVC Lighting) has always opposed The headquarters moved to Chongqing and NVC Lighting (China) Co., Ltd. (the “Chongqing Headquartersâ€) was never approved as the company headquarters.
“The board of directors only agreed to have a sales company in Chongqing, but never agreed to set up the NVC headquarters in Chongqing; Wu Changjiang first set up Chongqing NVC Industrial Co., Ltd. in Chongqing, and then changed its name to NVC Lighting (China) Co., Ltd. The board of directors will operate the Chongqing company as its headquarters," said a person familiar with the matter.
"Capital" to break with management fuse triggered Wu <br> <br> In fact, twice in recent years, NVC disputes, with both Chongqing "headquarters" are inextricably linked.
As early as 2012, Wu Changjiang and the then-owned Softbank Safran broke out. One of the fuses was that Wu Changjiang had to move his headquarters from Huizhou to Chongqing.
In 2011, Wu Changjiang got a 22-mu land in the Nan'an District, located in the core area of ​​the Chongqing Marble Stone CBD. Wu promised to invest about 800 million yuan to build the NVC headquarters building, and relocate the group headquarters and product research and development center from Huizhou, Guangdong to Chongqing. The Nan'an District will be equipped with preferential policies including land and tax.
The NVC Lighting Board objected to the relocation of the headquarters and only agreed to the authorization to set up a sales company in Chongqing with an investment quota of 200 million yuan.
On the surface, Wu Changjiang compromised and finally set up Chongqing NVC Industrial Co., Ltd. in Nan'an District of Chongqing City on November 7, 2011. On March 14, 2012, Chongqing NVC Technology Development Co., Ltd. was established in Nan'an District of Chongqing Municipality, responsible for new product development. Subsequently, Chongqing NVC Industrial Co., Ltd. quietly changed its name to "NVC Lighting (China) Co., Ltd.", and more than 200 people in the marketing, large project department, brand, market, logistics, procurement and other departments moved to Chongqing.
Ironically, Wu Changjiang’s heart has already been nailed to Chongqing, and he still has no sigh of relief when facing the outside world. "NVC lighting does not exist from Huizhou 'moving the capital' to Chongqing, Huizhou's status will not change!" In September 2011, Wu Changjiang said in an interview with the reporter of "Nanfang Daily".
"At that time, the board of directors knew nothing about this. Wu Changjiang first promised the local government. All the conditions were almost the same. They directly sent text messages to the then chairman (阎焱), saying that they would move their headquarters." According to Wu Changjiang. People said.
Because Wu Changjiang's own way, the contradictions that he and the investor had lurked before were all provoked, and finally the board of directors decided to "expel" Wu Changjiang. The storm finally ended up with dealers and Wu, and the employers ended up losing.
Adhere to the headquarters move, or related transactions involving <br> <br> Wu Changjiang adhere to the headquarters move, because the outside world declared that "Industry groups are beginning to be extended to the central and western regions," "Out of talent and cost issues, before considering move."
However, according to people familiar with the matter, the reason why another layer is inconvenient to be public is closely related to Wu Changjiang’s personal business layout outside the listed company: According to Caixin’s “New Century†investigation report, the relocation of NVC headquarters The land plot of the Nan'an District Headquarters Building is not under the name of NVC. According to the land data, the owner of the plot is Hong Kong Wuji Lighting Co., Ltd., which was acquired on the basis of the auction price on July 1, 2011. The average price per square meter of floor space is about 2,600 yuan. The land prices of other headquarters buildings in the auction are equivalent; however, the price difference is quite different from that of commercial plots in the same market.
Informed sources disclosed that the so-called "Chongqing Headquarters" itself is a false proposition. Since Wu Changjiang announced that Chongqing is the new headquarters of NVC in 2012, the board of directors of NVC Lighting Holdings Co., Ltd. (02222.HK, hereinafter referred to as NVC Lighting) has always opposed The headquarters moved to Chongqing and NVC Lighting (China) Co., Ltd. (the “Chongqing Headquartersâ€) was never approved as the company headquarters.
“The board of directors only agreed to have a sales company in Chongqing, but never agreed to set up the NVC headquarters in Chongqing; Wu Changjiang first set up Chongqing NVC Industrial Co., Ltd. in Chongqing, and then changed its name to NVC Lighting (China) Co., Ltd. The board of directors will operate the Chongqing company as its headquarters," said a person familiar with the matter.
"Capital" to break with management fuse triggered Wu <br> <br> In fact, twice in recent years, NVC disputes, with both Chongqing "headquarters" are inextricably linked.
As early as 2012, Wu Changjiang and the then-owned Softbank Safran broke out. One of the fuses was that Wu Changjiang had to move his headquarters from Huizhou to Chongqing.
In 2011, Wu Changjiang got a 22-mu land in the Nan'an District, located in the core area of ​​the Chongqing Marble Stone CBD. Wu promised to invest about 800 million yuan to build the NVC headquarters building, and relocate the group headquarters and product research and development center from Huizhou, Guangdong to Chongqing. The Nan'an District will be equipped with preferential policies including land and tax.
The NVC Lighting Board objected to the relocation of the headquarters and only agreed to the authorization to set up a sales company in Chongqing with an investment quota of 200 million yuan.
On the surface, Wu Changjiang compromised and finally set up Chongqing NVC Industrial Co., Ltd. in Nan'an District of Chongqing City on November 7, 2011. On March 14, 2012, Chongqing NVC Technology Development Co., Ltd. was established in Nan'an District of Chongqing Municipality, responsible for new product development. Subsequently, Chongqing NVC Industrial Co., Ltd. quietly changed its name to "NVC Lighting (China) Co., Ltd.", and more than 200 people in the marketing, large project department, brand, market, logistics, procurement and other departments moved to Chongqing.
Ironically, Wu Changjiang’s heart has already been nailed to Chongqing, and he still has no sigh of relief when facing the outside world. "NVC lighting does not exist from Huizhou 'moving the capital' to Chongqing, Huizhou's status will not change!" In September 2011, Wu Changjiang said in an interview with the reporter of "Nanfang Daily".
"At that time, the board of directors knew nothing about this. Wu Changjiang first promised the local government. All the conditions were almost the same. They directly sent text messages to the then chairman (阎焱), saying that they would move their headquarters." According to Wu Changjiang. People said.
Because Wu Changjiang's own way, the contradictions that he and the investor had lurked before were all provoked, and finally the board of directors decided to "expel" Wu Changjiang. The storm finally ended up with dealers and Wu, and the employers ended up losing.
Adhere to the headquarters move, or related transactions involving <br> <br> Wu Changjiang adhere to the headquarters move, because the outside world declared that "Industry groups are beginning to be extended to the central and western regions," "Out of talent and cost issues, before considering move."
However, according to people familiar with the matter, the reason why another layer is inconvenient to be public is closely related to Wu Changjiang’s personal business layout outside the listed company: According to Caixin’s “New Century†investigation report, the relocation of NVC headquarters The land plot of the Nan'an District Headquarters Building is not under the name of NVC. According to the land data, the owner of the plot is Hong Kong Wuji Lighting Co., Ltd., which was acquired on the basis of the auction price on July 1, 2011. The average price per square meter of floor space is about 2,600 yuan. The land prices of other headquarters buildings in the auction are equivalent; however, the price difference is quite different from that of commercial plots in the same market.
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