After nearly a year of infighting, NVC lighting has obvious trauma and its performance has fallen sharply. The 2012 annual report showed that the net profit of the parent company during the period was nearly 8.416 million yuan, a year-on-year decrease of 98.46%, and the gross profit decreased by 21.87%. In 2012, the company's revenue reached 3.546 billion yuan, down 6.64% year-on-year. Where will NVC go into the era of Wang Donglei?
Contradictory public Wu out
NVC's internal fight began in May last year. On May 25, 2012, Wu Changjiang, then president and chairman of NVC Lighting, suddenly announced his resignation. He then took over the position of chairman of NVC Lighting, and Zhang Kaipeng from Schneider Electric served as CEO.
On July 12, Wu Changjiang and the public were openly contradictory. Wu Changjiang repeatedly issued several microblogs to disclose that "resignation is forced by the board of directors" and publicly "forced the palace" process. At the same time, a “resistance†campaign consisting of internal staff, suppliers and distributors of NVC Lighting broke out. They launched closed-door negotiations with the board of directors and urged the strike to "stop the supply" and other actions required to reorganize the board of directors, so that Wu Changjiang returned as soon as possible and let the capital Schneider withdraw from NVC.
At that time, the industry generally analyzed that from the time point of view, NVC staff and dealers may be directed by Wu Changjiang, "a strong sales network and channel power has always been regarded as the root of Wu Changjiang, but also its 'must Killing skills.
According to the data, in 2005, NVC Lighting experienced an “earthquakeâ€. The three major shareholders had serious differences. Wu Changjiang was forced to give up the position of chairman and was asked to take away 80 million yuan to completely withdraw from NVC lighting, but With the support of suppliers and distributors, on the third day of signing, Wu Changjiang returned to NVC Lighting to regain the dominance of the company and forced the other two shareholders to retreat.
Capital rush to return
The forced palace had an effect last September. On September 4, 2012, NVC Lighting announced the establishment of a temporary operation management committee, Wu Changjiang as the person in charge, which also became the prelude to Wu Changjiang's return. In November 2012, Zhang Kaipeng, CEO and member of the Provisional Operations Committee, announced his resignation.
However, the key trick is Wu Changjiang’s “curve to save the countryâ€. On December 5, 2012, the Hong Kong Stock Exchange news, Wu Changjiang spent 168 million Hong Kong dollars to increase the company's shares, the shareholding ratio rose to 22.07%, the second and third largest shareholder Safran Asia and Germany Schneider Electric shares respectively It is 18.48% and 9.21%. This move was once seen as Wu Changjiang intends to further consolidate the status of a major shareholder to return to the position of chairman. However, two weeks later, Wu Changjiang threw out about 11.8% of the shares of NVC to Dehao Runda, and chose to invest in DHL Runda as its second largest shareholder. After the completion of the share transfer, Wu Changjiang still directly and indirectly holds 215 million shares of common stock of NVC, accounting for 6.79% of its total share capital, while Dehao Runda will make NVC lighting 20.05%, which will become a single NVC lighting The largest shareholder.
Although Wu Changjiang and Dehao Runda both said that the equity transaction is a strategic layout. However, Mr. Xu, a consultant of a lighting company in Zhejiang, said in an interview that although on the surface, Wu Changjiang was subject to Ren Xie in the NVC, he hoped to reorganize the board of directors through capital relocation, thereby dispelling the management of Saifuyan and Schneider. Floor.
On the evening of January 13, NVC Lighting announced that Wu Changjiang will be the CEO. In addition, Wang Donglei, Chairman of Dehao Runda, is a non-executive director.
Open the "wann" of "king"
The effect of capital movement is very good, but hidden dangers are still there. At that time, some analysts pointed out that although Wu Changjiang regained the position of CEO, he lost the status of the largest shareholder of NVC Lighting. In the future, Dehao Runda will continue to strengthen the competition for control of the company. It is worth noting that in the exchange trading of Dehao Runda and NVC Lighting, there is a clause that DHL Runda can buy Wu Changjiang’s hands at a price of 2.95 Hong Kong dollars per share at any time. 7% of NVC Lighting's equity. According to this clause, Dehao Runda can secure the position of the majority shareholder of NVC Lighting as long as it buys back the equity of Wu Changjiang.
Today, the chairman of the board is taken over by Wang Donglei instead of Wu Changjiang, which has aggravated market concerns.
“Since the acquisition of NVC Lighting by Dehao Runda, the capital market has been shaken by the confidence of NVC Lighting. On the one hand, the founder Wu Changjiang sells stocks; the second is the substantial cooperation without landing; the third is that NVC Lighting itself The layout of the LED market is obviously lagging behind.†Ding Jianhua, the director of e-commerce and deputy general manager of China Optical Network, said in an interview that it is more important that both the acquisition itself and the substantive cooperation after the acquisition are counterintuitive. .
According to the news from Dehao Runda, from April onwards, the LED light source products produced by Dehao Runda entered the channel of NVC Lighting for sale in all parts of the country. There are also rumors that NVC and Dehao Runda will be integrated soon, and all products of Dehao Runda will be shipped through NVC Logistics Center. The future LED products will be branded as Dehao Runda·Riss. The sales department of Dehao Runda is fully integrated into the NVC Operations Center.
"I don't know who else can really stand on the NVC lighting position to consider the problem." Ding Jianhua lamented that now Wu Changjiang is a major shareholder for Dehao Runda and more like a professional manager for NVC Lighting. As for which interests are heavier, I am afraid it is difficult to weigh; Wang Donglei is the founder and chairman of Dehao Runda, and the chairman of NVC Lighting. In the face of these two independent listed companies, which interests are taken care of? This is a dilemma.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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