In the afternoon of July 24th, it was reported that NVC Lighting (02222.HK) dealers had joined forces with suppliers to set up a new brand. NVC suppliers said that the new brand is being registered, will be launched within 10 days, and the product will be on the shelves. It is reported that the new brand is docking with the original NVC staff and hopes to transfer the company's core resources.
According to media reports today, NVC lighting distributors and suppliers want to join forces to set up a new lighting company in Chongqing and sell it in existing channels. In addition, the report also quoted a senior official of NVC, revealed that investors Saifu and Schneider have changed their previous attitude of welcoming Wu Changjiang's return, and Wu Changjiang's return to the company will be variable. Tomorrow (25th) NVC Lighting will convene a board of directors to decide Wu Changjiang's stay.
NVC lighting Shaanxi operator Wu Xiaolin confirmed that 36 NVC operators have indeed joined forces to form a new brand. At present, the brand name is still being conceived, and the registration process is underway. I believe that the brand will be launched within 10 days, and the products will be put on the shelves at the same time. "Our plan is to start the market quickly." After the establishment of the new brand will be sold in the existing channels, "in fact, the same as Wang Laoji and Jia Duobao."
Wu Xiaolin said that since Wu Changjiang resigned in May and the management of NVC has changed blood, the new management has not contacted the operators. "We don't even know the mobile phone number of Weibo." The closed meeting with the operators was the first time the two sides met. "He (阎焱) does not care, and does not care about performance and business results."
After the operator proposed the return of Wu Changjiang, Schneider’s departure and the request to enter the board of directors, the management has been delaying and has not responded so far. This made the dealers who lost as much as 15 million to 18 million yuan per day during the strike decided to take action. "The lighting industry is very competitive. We can hardly get such a big market. If we continue to wait, we will lose more customers. The expected loss will be even greater."
Wu Xiaolin said that he and Schneider are both laymen in the lighting industry and do not know how to manage the company's business. Therefore, everyone strongly refuses to cooperate with Schneider. "They are different from ours. We and Wu always use NVC as a child to raise and hope to make the company the best in the world. We are not trying to make money, but more of a sense of inner life."
A senior executive of NVC also said that operators and dealers are already registering new brands and docking with the company's current core employees, hoping to transfer the core team of NVC close to 100 people to the new brand to continue to operate. He has been working for NVC for 8 years, and there are many employees who have worked in the company for 8 years and 10 years. Many people have started working at NVC since college, and have been following Wu Changjiang. "So for many years, everyone has been working together. Feelings are very deep."
He believes that Saifu and Schneider said that the return of Wu Changjiang may only be a slow-moving plan. The management has not yet announced the results through formal official channels. This kind of indifference does not care for the hearts of employees. He revealed that although the dealer also invited Wu Changjiang to host the new brand, Wu Changjiang himself did not agree with this. "After all, NVC is the brand he founded. He does not want this situation. Plus he is the major shareholder. After leaving, the value of NVC stocks will also be affected."
The reporter called Wu Changjiang's mobile phone on the matter. The NVC administrative department who answered the mobile phone said that it was reported that the dealer registered a new brand. It is estimated that the board of directors has not responded to their demands and made another plan. She also said that the strike is over, because "everyone sees the board's indifferent attitude, it is too lazy to strike." The current chairman of the phone has been unable to connect.
The stock price of NVC Lighting (02222.HK) fell nearly 30% after Wu Changjiang announced his resignation. The company continued to suspend trading today and reported HK$1.41 before the suspension.
According to media reports today, NVC lighting distributors and suppliers want to join forces to set up a new lighting company in Chongqing and sell it in existing channels. In addition, the report also quoted a senior official of NVC, revealed that investors Saifu and Schneider have changed their previous attitude of welcoming Wu Changjiang's return, and Wu Changjiang's return to the company will be variable. Tomorrow (25th) NVC Lighting will convene a board of directors to decide Wu Changjiang's stay.
NVC lighting Shaanxi operator Wu Xiaolin confirmed that 36 NVC operators have indeed joined forces to form a new brand. At present, the brand name is still being conceived, and the registration process is underway. I believe that the brand will be launched within 10 days, and the products will be put on the shelves at the same time. "Our plan is to start the market quickly." After the establishment of the new brand will be sold in the existing channels, "in fact, the same as Wang Laoji and Jia Duobao."
Wu Xiaolin said that since Wu Changjiang resigned in May and the management of NVC has changed blood, the new management has not contacted the operators. "We don't even know the mobile phone number of Weibo." The closed meeting with the operators was the first time the two sides met. "He (阎焱) does not care, and does not care about performance and business results."
After the operator proposed the return of Wu Changjiang, Schneider’s departure and the request to enter the board of directors, the management has been delaying and has not responded so far. This made the dealers who lost as much as 15 million to 18 million yuan per day during the strike decided to take action. "The lighting industry is very competitive. We can hardly get such a big market. If we continue to wait, we will lose more customers. The expected loss will be even greater."
Wu Xiaolin said that he and Schneider are both laymen in the lighting industry and do not know how to manage the company's business. Therefore, everyone strongly refuses to cooperate with Schneider. "They are different from ours. We and Wu always use NVC as a child to raise and hope to make the company the best in the world. We are not trying to make money, but more of a sense of inner life."
A senior executive of NVC also said that operators and dealers are already registering new brands and docking with the company's current core employees, hoping to transfer the core team of NVC close to 100 people to the new brand to continue to operate. He has been working for NVC for 8 years, and there are many employees who have worked in the company for 8 years and 10 years. Many people have started working at NVC since college, and have been following Wu Changjiang. "So for many years, everyone has been working together. Feelings are very deep."
He believes that Saifu and Schneider said that the return of Wu Changjiang may only be a slow-moving plan. The management has not yet announced the results through formal official channels. This kind of indifference does not care for the hearts of employees. He revealed that although the dealer also invited Wu Changjiang to host the new brand, Wu Changjiang himself did not agree with this. "After all, NVC is the brand he founded. He does not want this situation. Plus he is the major shareholder. After leaving, the value of NVC stocks will also be affected."
The reporter called Wu Changjiang's mobile phone on the matter. The NVC administrative department who answered the mobile phone said that it was reported that the dealer registered a new brand. It is estimated that the board of directors has not responded to their demands and made another plan. She also said that the strike is over, because "everyone sees the board's indifferent attitude, it is too lazy to strike." The current chairman of the phone has been unable to connect.
The stock price of NVC Lighting (02222.HK) fell nearly 30% after Wu Changjiang announced his resignation. The company continued to suspend trading today and reported HK$1.41 before the suspension.
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