NVC supplier: Wu Changjiang returns or coordinates with the government

Faced with the risk of the company being torn, NVC Lighting (02222.HK) is on the verge of both sides. In the industry, Wu Changjiang (microblogging) will return to NVC Lighting as chairman of the company.

The middle of a NVC Huizhou factory revealed on August 26 that two days ago, the company's founder Wu Changjiang and the current chairman, Weibo, negotiated in Beijing. "The two sides talked about it, and everyone took a step back." When people reach a consensus, they no longer blame each other's, and they jointly manage the company.

The source revealed that on the 27th or 28th, NVC will announce the latest decision of the board of directors.

A production line leader at the NVC factory in NVC told the reporter that on the 24th, the company will hold a meeting inside, and Wu Changjiang will return to NVC. There will be a welcoming ceremony for everyone to work with peace of mind. The Huizhou factory has been working overtime this past weekend.

A NVC core supplier also confirmed that the news was heard on the afternoon of the 24th. He was informed by the manager of NVC's sales department that Wu Changjiang and Yu had already "talked well" and Wu Changjiang would be the chairman of NVC Lighting, which is expected to be announced on the 27th.

On August 20, Wu Changjiang, a large shareholder to the NVC Chongqing Wanzhou factory, held a supplier meeting to request suppliers to continue to supply NVC, and then Wu Changjiang communicated with the local government. The above supplier analysis believes that this time the NVC crisis reversed, the board of directors changed their minds and re-accepted Wu Changjiang's return, which may be related to government intervention.

In addition, the supplier also revealed that on August 20th the supplier proposed "conditional restoration of supply." Because Wu Changjiang is neither the chairman of the company nor the president, he can't protect the interests of the suppliers, and the suppliers do not trust the current board of directors and management, so they require “in cash”. The NVC board promised to reconsider and responded by August 28.

The pressure on suppliers is also an important factor that must be considered, although NVC has previously announced that it would reject Wu Changjiang's return.

The rumors of Wu Changjiang’s return, the dealer’s attitude has also changed. A NVC core dealer said that he heard that General Wu would return to NVC, and he said that he would continue to place orders with NVC. "Now there is no new brand." Before, I saw Wu Changjiang's return to no hope. NVC's 36 operation centers held an inaugural company's inaugural meeting on July 27, and planned to launch their own new brand.

Regarding the return of Wu Changjiang, a person responsible for propaganda of NVC said that "there is no official news yet." Wu Changjiang’s mobile phone is turned off. The reporter called 阎焱 and he did not answer the phone.

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