On the evening of May 25, Wu Changjiang sent Weibo: "When I adjust for a while, I will still come back. I have devoted my life to NVC. I will not and will never give up. Please believe me." â€
Earlier in the day, NVC Lighting (02222.HK) announced that Chairman Wu Changjiang resigned from all positions and was replaced by the chairman. This news came out and stirred up a thousand waves.
Since the other identity of Zhai is the founding partner of Safran Asia, Safran Asia is the major shareholder of NVC Lighting. Therefore, the founder Wu Changjiang’s departure, the outside world’s speculation is “to be forced away by the investment institutionsâ€.
However, two people close to NVC Lighting revealed that the real reason for Wu Changjiang's resignation is that, for personal reasons, since April, Wu has been staying abroad and it is difficult to control the company.
Was Wu Changjiang’s departure really left from NVC Lighting or was it only temporarily left? What is the reason for this? What is the impact of the current departure on the future of NVC lighting?
All this seems to be a mystery.
Wu Changjiang, who is abroad
Wu Changjiang’s last public appearance in China was the launch of NVC Lighting in Chongqing on March 20.
The conference was held in Nan'an District, Chongqing. The theme was NVC Lighting and signed contracts with Chinese Taipei, Hong Kong, China and the Macau Olympic Committee. The guests present were Wu Changjiang, Xia Zeliang, Secretary of the Nan'an District Party Committee, the Olympic Council of Asia, and the aforementioned Olympic Committees.
Prior to August 2011, NVC Lighting moved its headquarters for R&D and sales to the Nan'an District of Chongqing, but the headquarters of other departments remained in Huizhou. The official website of the Nan'an District Government stated that NVC Lighting will invest HK$1 billion to set up a global business headquarters of 100,000 square meters in the marble stone demonstration area and build a 250,000 square meter logistics project in the new tea garden area with a total investment of 2 billion yuan.
Later on March 21, according to the Economic Observer Online, Xia Zeliang, secretary of the Nan'an District Party Committee, was taken away by the relevant departments and was "double-regulated."
On April 12, Wu Changjiang attended the unveiling ceremony of the expansion of the operating address of NVC Lighting's UK branch.
Two people close to NVC Lighting told this reporter that Wu Changjiang has been staying abroad for a long time, neither publicly appearing in the company nor participating in the lighting industry activities as before. Even on May 2, when Zhang Dejiang, the new secretary of the Chongqing Municipal Party Committee, went to NVC Lighting Inspection, Wu Changjiang did not attend. He was accompanied by Mu Yu, the vice president of his department.
It is said that this is an important reason why Wu Changjiang resigned as the chairman of the board - others are outside the country and it is difficult to remotely control the company. But at present, no one can make it clear that Wu Changjiang only temporarily left the company, or other members of the board of directors to play the title, Saifu Asia will take over NVC lighting from then on?
On the evening of May 25th, Wu Changjiang’s Weibo, which will “returnâ€, seems to have appeased many people. On May 30, a NVC lighting supplier in Chongqing told reporters: "Mr. Wu said on Weibo that he will come back. I am very supportive of Mr. Wu."
However, this Weibo was later deleted.
A lighting industry insider told reporters that in the past year, the brain drain of NVC Lighting's marketing and R&D department was quite serious. "There were people who had been dug up from Philips and then left, and the head of the Shanghai R&D department left last year." He said that this may be related to the slower deployment of NVC lighting in the LED field. He claimed that it was also because of this. "I heard that Wu Changjiang has disputes with investment institutions."
But the industry insiders still affirm Wu Changjiang's authority in NVC lighting and its position in the lighting industry. He said: "NVC lighting is longer than sales and channels. It has the value of mergers and acquisitions for foreign capital and some domestic enterprises. However, even if Wu Changjiang does not return, investment institutions are unlikely to disregard his opinions and dispose of the company. With his consent, if the investment institution is too much, Wu Changjiang can leave NVC and make another brand. It is not so difficult to rely on his influence. At that time, some dealers will follow him. That is for investment institutions and him. Is the practice of breaking the net."
Earlier in the day, NVC Lighting (02222.HK) announced that Chairman Wu Changjiang resigned from all positions and was replaced by the chairman. This news came out and stirred up a thousand waves.
Since the other identity of Zhai is the founding partner of Safran Asia, Safran Asia is the major shareholder of NVC Lighting. Therefore, the founder Wu Changjiang’s departure, the outside world’s speculation is “to be forced away by the investment institutionsâ€.
However, two people close to NVC Lighting revealed that the real reason for Wu Changjiang's resignation is that, for personal reasons, since April, Wu has been staying abroad and it is difficult to control the company.
Was Wu Changjiang’s departure really left from NVC Lighting or was it only temporarily left? What is the reason for this? What is the impact of the current departure on the future of NVC lighting?
All this seems to be a mystery.
Wu Changjiang, who is abroad
Wu Changjiang’s last public appearance in China was the launch of NVC Lighting in Chongqing on March 20.
The conference was held in Nan'an District, Chongqing. The theme was NVC Lighting and signed contracts with Chinese Taipei, Hong Kong, China and the Macau Olympic Committee. The guests present were Wu Changjiang, Xia Zeliang, Secretary of the Nan'an District Party Committee, the Olympic Council of Asia, and the aforementioned Olympic Committees.
Prior to August 2011, NVC Lighting moved its headquarters for R&D and sales to the Nan'an District of Chongqing, but the headquarters of other departments remained in Huizhou. The official website of the Nan'an District Government stated that NVC Lighting will invest HK$1 billion to set up a global business headquarters of 100,000 square meters in the marble stone demonstration area and build a 250,000 square meter logistics project in the new tea garden area with a total investment of 2 billion yuan.
Later on March 21, according to the Economic Observer Online, Xia Zeliang, secretary of the Nan'an District Party Committee, was taken away by the relevant departments and was "double-regulated."
On April 12, Wu Changjiang attended the unveiling ceremony of the expansion of the operating address of NVC Lighting's UK branch.
Two people close to NVC Lighting told this reporter that Wu Changjiang has been staying abroad for a long time, neither publicly appearing in the company nor participating in the lighting industry activities as before. Even on May 2, when Zhang Dejiang, the new secretary of the Chongqing Municipal Party Committee, went to NVC Lighting Inspection, Wu Changjiang did not attend. He was accompanied by Mu Yu, the vice president of his department.
It is said that this is an important reason why Wu Changjiang resigned as the chairman of the board - others are outside the country and it is difficult to remotely control the company. But at present, no one can make it clear that Wu Changjiang only temporarily left the company, or other members of the board of directors to play the title, Saifu Asia will take over NVC lighting from then on?
On the evening of May 25th, Wu Changjiang’s Weibo, which will “returnâ€, seems to have appeased many people. On May 30, a NVC lighting supplier in Chongqing told reporters: "Mr. Wu said on Weibo that he will come back. I am very supportive of Mr. Wu."
However, this Weibo was later deleted.
A lighting industry insider told reporters that in the past year, the brain drain of NVC Lighting's marketing and R&D department was quite serious. "There were people who had been dug up from Philips and then left, and the head of the Shanghai R&D department left last year." He said that this may be related to the slower deployment of NVC lighting in the LED field. He claimed that it was also because of this. "I heard that Wu Changjiang has disputes with investment institutions."
But the industry insiders still affirm Wu Changjiang's authority in NVC lighting and its position in the lighting industry. He said: "NVC lighting is longer than sales and channels. It has the value of mergers and acquisitions for foreign capital and some domestic enterprises. However, even if Wu Changjiang does not return, investment institutions are unlikely to disregard his opinions and dispose of the company. With his consent, if the investment institution is too much, Wu Changjiang can leave NVC and make another brand. It is not so difficult to rely on his influence. At that time, some dealers will follow him. That is for investment institutions and him. Is the practice of breaking the net."
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