Wu Changjiang’s card was finished, waiting for his unknown fate. NVC Lighting (02222.HK, hereinafter referred to as "NVC") is still in danger of diversification of the entire supply and distribution system.
NVC News spokesman Shi Yongjun said on July 29 that NVC Chongqing Wanzhou and Huizhou factories have resumed work on Friday, Saturday and Sunday, and will continue to operate normally this Monday.
On July 27, NVC established the Interim Management Committee to resume the operation of the company by three vice presidents. On the same day, the core dealers of NVC's 36 operation centers met in Zhongshan Guzhen and reached an agreement on the establishment of a new alliance company. "Whetherever Wu returns, he will establish a new brand." But Wu Changjiang does not support dealers to set up new companies.
After the factory was shut down and the dealers set up another portal to “two times forced the palaceâ€, the NVC board still did not respond to the return of the founder Wu Changjiang. But Wu Changjiang’s chips are decreasing.
Factory resumed conditional
A production line line manager at the NVC Huizhou plant revealed that the plant resumed work on the 27th and some production lines were still working overtime on the 28th.
A NVC supplier who asked not to be named said that NVC resumed work on Friday. "We originally delivered (on) Friday, there were too many people delivering, we delayed delivery to Saturday." It is said that the person in the NVC procurement department revealed to him that on the first day of the resumption of work, NVC received an order of 60 million yuan.
Shi Yongjun said that the NVC factory resumed work, some of which were new orders from dealers, and some were old orders that had not been produced.
A mid-level of the NVC factory revealed that NVC executive director and vice president Mu Yu, vice president and chief financial officer Tan Yan, and vice president of support systems, Wang Minghua, have formed an interim management committee to allow the company to resume normal operation.
"Now the board of directors basically agrees with this opinion. After the signing of the board of directors, it is estimated that next Monday (30th) the company will issue documents to formally authorize the establishment of an interim management committee. The board of directors must have a result of whether or not Wu will return before August 10, The Interim Management Committee is responsible for the company's operations."
The middle layer revealed that the company's board of directors met on July 25 and 26 and still did not reach an agreement. "But the company can't be dragged down, so the interests of employees and middle-level people can't be guaranteed."
The existing management has proposed “conditional resumption of work†to the board of directors. These conditions are based on Wu Changjiang’s return, Schneider’s withdrawal from management, and management’s options. The requirement is to raise the salary of the returning employees by 15% to 25%, and the suspension should not be pursued. responsibility.
Even so, more than 200 workers left the company on the 26th. The above-mentioned production line said, "We are still feeling awkward when we resume work. If Wu does not return, the factory will not be equipped with new products such as LEDs, and he will find another way out.
Will NVC be empty?
At the same time, dealers are also actively planning new ways. On the 27th, the heads of 36 operations centers of NVC and more than 20 suppliers gathered in Zhongshan Guzhen to hold the inaugural meeting of the operator alliance company. After the meeting, a person in charge of Liu, who is surnamed Liu in the Shandong Operation Center, said that 36 operating centers will participate in the new company, and the share ratio will correspond to the sales of each operation center.
Liu said that the establishment of the new company and whether Wu Changjiang returned to NVC is a different matter. "Wu Changjiang can't keep himself, dealers can only develop by themselves." The national lighting industry has an output value of 290 billion yuan, and NVC has an annual output value of less than 2 billion, "Why can't we do it ourselves?"
He revealed that the new company is headquartered in Huizhou, and the production is solved by purchasing factories or OEMs. It has not yet been determined. It is understood that the new company's products are expected to have 36 operating centers and 3,000 specialty stores in NVC in the first half of next year.
The above NVC supplier representatives said that the supplier will support the new company's products and R&D as it does for NVC.
Wu Changjiang does not support dealers to set up new companies, nor does it support NVC executives to participate in new company operations. He is also very helpless about the dealer's separate portal, because it will be "both defeated."
The Xie Shifang, represented by Yu, used the word "tow" to resolve the second-degree imperial palace of Wu Changjiang. The industry believes that Wu Changjiang's chip to regain control of NVC is decreasing. However, NVC management and dealers do not trust Schneider. Even if Schneider got the control unit, NVC has become a "empty shell."
NVC News spokesman Shi Yongjun said on July 29 that NVC Chongqing Wanzhou and Huizhou factories have resumed work on Friday, Saturday and Sunday, and will continue to operate normally this Monday.
On July 27, NVC established the Interim Management Committee to resume the operation of the company by three vice presidents. On the same day, the core dealers of NVC's 36 operation centers met in Zhongshan Guzhen and reached an agreement on the establishment of a new alliance company. "Whetherever Wu returns, he will establish a new brand." But Wu Changjiang does not support dealers to set up new companies.
After the factory was shut down and the dealers set up another portal to “two times forced the palaceâ€, the NVC board still did not respond to the return of the founder Wu Changjiang. But Wu Changjiang’s chips are decreasing.
Factory resumed conditional
A production line line manager at the NVC Huizhou plant revealed that the plant resumed work on the 27th and some production lines were still working overtime on the 28th.
A NVC supplier who asked not to be named said that NVC resumed work on Friday. "We originally delivered (on) Friday, there were too many people delivering, we delayed delivery to Saturday." It is said that the person in the NVC procurement department revealed to him that on the first day of the resumption of work, NVC received an order of 60 million yuan.
Shi Yongjun said that the NVC factory resumed work, some of which were new orders from dealers, and some were old orders that had not been produced.
A mid-level of the NVC factory revealed that NVC executive director and vice president Mu Yu, vice president and chief financial officer Tan Yan, and vice president of support systems, Wang Minghua, have formed an interim management committee to allow the company to resume normal operation.
"Now the board of directors basically agrees with this opinion. After the signing of the board of directors, it is estimated that next Monday (30th) the company will issue documents to formally authorize the establishment of an interim management committee. The board of directors must have a result of whether or not Wu will return before August 10, The Interim Management Committee is responsible for the company's operations."
The middle layer revealed that the company's board of directors met on July 25 and 26 and still did not reach an agreement. "But the company can't be dragged down, so the interests of employees and middle-level people can't be guaranteed."
The existing management has proposed “conditional resumption of work†to the board of directors. These conditions are based on Wu Changjiang’s return, Schneider’s withdrawal from management, and management’s options. The requirement is to raise the salary of the returning employees by 15% to 25%, and the suspension should not be pursued. responsibility.
Even so, more than 200 workers left the company on the 26th. The above-mentioned production line said, "We are still feeling awkward when we resume work. If Wu does not return, the factory will not be equipped with new products such as LEDs, and he will find another way out.
Will NVC be empty?
At the same time, dealers are also actively planning new ways. On the 27th, the heads of 36 operations centers of NVC and more than 20 suppliers gathered in Zhongshan Guzhen to hold the inaugural meeting of the operator alliance company. After the meeting, a person in charge of Liu, who is surnamed Liu in the Shandong Operation Center, said that 36 operating centers will participate in the new company, and the share ratio will correspond to the sales of each operation center.
Liu said that the establishment of the new company and whether Wu Changjiang returned to NVC is a different matter. "Wu Changjiang can't keep himself, dealers can only develop by themselves." The national lighting industry has an output value of 290 billion yuan, and NVC has an annual output value of less than 2 billion, "Why can't we do it ourselves?"
He revealed that the new company is headquartered in Huizhou, and the production is solved by purchasing factories or OEMs. It has not yet been determined. It is understood that the new company's products are expected to have 36 operating centers and 3,000 specialty stores in NVC in the first half of next year.
The above NVC supplier representatives said that the supplier will support the new company's products and R&D as it does for NVC.
Wu Changjiang does not support dealers to set up new companies, nor does it support NVC executives to participate in new company operations. He is also very helpless about the dealer's separate portal, because it will be "both defeated."
The Xie Shifang, represented by Yu, used the word "tow" to resolve the second-degree imperial palace of Wu Changjiang. The industry believes that Wu Changjiang's chip to regain control of NVC is decreasing. However, NVC management and dealers do not trust Schneider. Even if Schneider got the control unit, NVC has become a "empty shell."
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