The last negotiation of Wu Changjiang’s return to Schneider’s stay is still a mystery

The Messenger passed the board meeting again today. Whether Wu Changjiang can return, and where to return, all reproduce the variables. People familiar with the matter said that this may be the last negotiation
Following the announcement on the 20th, on July 23 and 24, NVC Lighting did not issue any announcement to the outside world. Before the outside world generally believed that Wu Changjiang returned to the undoubtedly, but on the 24th, the protagonist of the internal disaster of NVC was exposed to the regenerative variables of returning. An insider said that dealers and suppliers have decided to start another stove and rebuild NVC.

Wu Changjiang returns to suspense
Wu Changjiang’s comeback is always full of variables.

This can be seen in the announcement issued by NVC on July 18. First, applying for a resumption of trading, and announcing the suspension after an hour, this also means that there is no consensus within the company. At the same time, the announcement included some of the company's management team members, as well as distributors and suppliers, collectively referred to as the “Group” and criticized the group's actions that adversely affected the company's interests, including the company's two factories and employees in the Chongqing office. And some distributors suspend their orders with the company.

Since then, Yan Yan’s public statement has made this matter more variable. In an interview with the media, he said that Wu Changjiang will return as a chairman to see it again.

However, Yan Yan’s attitude towards dealers’ “forced palaces” and employees’ “strikes” is very clear. He will take further action on the dealers to say “Yes, let them take 呗”; and for the employee’s stoppage, he responded “who care, I don’t care”.

This attitude has caused dissatisfaction among dealers and suppliers. On the 24th, the distributors and suppliers of NVC were required to build another NVC.

Re-engineering NVC
A person close to NVC said that it is possible to recreate a NVC. However, the leader is not Wu Changjiang, but a dealer and supplier who has a brotherly relationship with him.

Every year, dealers and suppliers sign different contracts with NVC. One dealer has signed the contract with NVC in December every year, but he said that he has not signed a contract with NVC. He said that he It is convenient to disclose the reasons. At the same time, some dealers who should sign with NVC in March and April have not signed a contract. The executives who broke the news to reporters indicated that he did not know about this. However, an insider familiar with NVC expressed doubts about the delay in signing the contract.

According to media reports, NVC lighting distributors and suppliers have applied to the Trade and Industry Bureau for the new brand lighting company's nuclear name on the 23rd, and plans to launch a new brand within ten days. The brand name has not yet been finalized.

A said that the dealers currently have considerable inventory in hand, all they have to do is to rebuild the "NVC" brand. He said that the construction of the production line only takes half a month to go online.

A dealer named Zhou said that this matter is true, "almost all dealers participated in this matter."

"If NVC's old employees are leaving, then NVC will only have empty shells and will soon close down," A said.

But the premise of all this happening is that Wu Changjiang has no return.

However, is Wu Changjiang willing to leave NVC? In 1992, Wu Changjiang started his business in the sea. In 1998, at the age of 33, he formed the NVC Lighting Company. He has been in the company for more than 14 years. He has repeatedly expressed his deep affection for NVC in public. In addition, NVC's total share capital is approximately 3.159 billion shares, and Wu himself holds 19.53% of the shares of NVC, with approximately 619 million shares. Previously, Wu Changjiang had repeatedly increased the company's stock. Recently, it has been rumored that dealers and suppliers have once again paid Wu Changjiang's Hong Kong account to support the purchase of listed company stocks to force the investors back. But executive A said: "I have not heard of this." The rumor was also denied by the dealer.

Last meeting
According to the above-mentioned executive A, on the 25th, today, NVC Lighting Board will hold a meeting on the 25th to decide Wu Changjiang’s question of staying. "This may be the last negotiation of whether Wu Changjiang can return."

A dealer did not take a positive attitude toward the negotiations. "We are not qualified to participate in these meetings, but Wu Changjiang will not be able to return."

In addition, even if Wu Changjiang returns, can he return as the chairman of the board of directors, where Yan Yan lives, Schneider's stay is still a mystery to be solved.

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