NVC is alive and tearing Wu Changjiang's return is still pending
The “empiricalism†that the founders of the company adhered to and the “modern governance†advertised by PE, these two philosophies with different temperament, from friction to battle, have torn the NVC lighting.
After several months of infighting, the company has accumulated deep distrust between the investors Saifu Asia, Schneider Electric and NVC founder Wu Changjiang. The former thinks the latter is quite dry, while the latter thinks that the former is conspiring. Even if Wu Changjiang finally returns, NVC will not be the former NVC.
Although Wu Changjiang was still eager to return to revitalize the company's performance during an exclusive interview, the dealer's other hills forced the factory to resume work, which means that the cards in his hand seem to have been finished.
Le Shiva
On July 27th, the national core distributor of China Lighting's first brand, NVC, held a closed meeting to discuss the establishment of a carrier alliance company, and wanted to stand on its own.
From more than 20,000 lighting companies across the country stand out, NVC started with more than 1 million yuan, and achieved the first domestic lighting brand for more than 10 years. Dealers know that it is impossible to copy this myth, but "Wu Changjiang can't keep it, we have to develop it ourselves."
In the face of the crisis of dealer differentiation, at the request of Wu Changjiang, the NVC Chongqing Wanzhou and Huizhou factories, which were suspended for two weeks for “Ting Wuâ€, resumed work on July 27. At this point, Wu Changjiang, the founder, still failed to return to the board of directors, and his card has been finished.
Even on July 30, the media disclosed that NVC’s current chairman and Safran’s chief partner, Yan Yan, also had an affiliate with NVC, and Wu Changjiang still could not change the passive situation.
Talking about the hope of coming back, Wu Changjiang said on July 30: "I want to come back emotionally, and I have to come back with responsibility. During my period of no management, the company's performance has fallen sharply. I feel like my child is thin and sick. It is very anxious. NVC is not someone else's NVC, not only shareholders, it involves the employment of more than 100,000 people in the upper and lower reaches, and the annual tax revenue is several hundred million yuan."
Since the suspension of NVC on July 13, Wu Changjiang and Yan Yan had communicated face to face on the 14th. "We also talked on the phone frequently. We talked very well on the phone and when we met. He said that I hope you will come back soon. I said that I am willing to come back soon, but he said (the board of directors) is going through the procedure, I don’t know the procedure is How about." Wu Changjiang tone with a bit helpless.
The board of directors still holds an overwhelming majority of equity and board seats. After the increase in May this year, Wu Changjiang held 19.95% of the shares and returned to the largest shareholder, but it is far less than the 33% of the shares held by the three foreign shareholders, Safran, Schneider and Goldman Sachs. In the board of directors, Saifu two, Schneider one, Goldman Sachs, NVC management only one seat left.
Therefore, according to the law, NVC's board of directors can continue to shut down Wu Changjiang; in a "reverse application" voice, continue to support Schneider's administration of NVC. Schneider can use this to extend the lighting business in China, reshape the supply and sales system of NVC in accordance with its western management model, and take advantage of the huge retail channels China has dreamed of.
The “slow plan†of the employer has already loosened the dealer’s “Ting Wu†camp. There are dealers who say that no matter who controls NVC, as long as they can be kind to dealers, "we will cooperate with them." There is also a speculation that Safir supports Schneider to gain control. As a consideration, Schneider has transferred the shareholding of NVC to Safran at a high price of 4.5 yuan per share.
However, NVC has the risk of becoming an "empty shell." One is because Schneider reduced the credit, the dealers will develop their own co-brand more confidently, NVC's proud channel advantage will fall apart; the second will lose the soul, under the peers, NVC's core management team also Will be a bird and beast.
PE can't understand Wu Changjiang
Everything could not be like this. At the beginning of this year, NVC signed a contract with China's Hong Kong, Macao and Taiwan sports delegations to become their sponsors for the London Olympics; NVC also established an LED joint venture with Ruifeng Optoelectronics. Obviously, it is also on the road of rapid development - last year's NVC revenue increased by about 24%, the net interest rate reached 15% - until May 25 this year.
On the same day, Wu Changjiang, then chairman and president of NVC, resigned from the company for personal reasons, and NVC stocks plummeted. Looking back at the mutation two months ago, Wu Changjiang said: "I said that I was investigated, there is no basis. The relevant person (a NVC consultant in Chongqing) was investigated, I just assisted in the investigation. This matter has already passed, I have already painted The last period."
After several months of infighting, the company has accumulated deep distrust between the investors Saifu Asia, Schneider Electric and NVC founder Wu Changjiang. The former thinks the latter is quite dry, while the latter thinks that the former is conspiring. Even if Wu Changjiang finally returns, NVC will not be the former NVC.
Although Wu Changjiang was still eager to return to revitalize the company's performance during an exclusive interview, the dealer's other hills forced the factory to resume work, which means that the cards in his hand seem to have been finished.
Le Shiva
On July 27th, the national core distributor of China Lighting's first brand, NVC, held a closed meeting to discuss the establishment of a carrier alliance company, and wanted to stand on its own.
From more than 20,000 lighting companies across the country stand out, NVC started with more than 1 million yuan, and achieved the first domestic lighting brand for more than 10 years. Dealers know that it is impossible to copy this myth, but "Wu Changjiang can't keep it, we have to develop it ourselves."
In the face of the crisis of dealer differentiation, at the request of Wu Changjiang, the NVC Chongqing Wanzhou and Huizhou factories, which were suspended for two weeks for “Ting Wuâ€, resumed work on July 27. At this point, Wu Changjiang, the founder, still failed to return to the board of directors, and his card has been finished.
Even on July 30, the media disclosed that NVC’s current chairman and Safran’s chief partner, Yan Yan, also had an affiliate with NVC, and Wu Changjiang still could not change the passive situation.
Talking about the hope of coming back, Wu Changjiang said on July 30: "I want to come back emotionally, and I have to come back with responsibility. During my period of no management, the company's performance has fallen sharply. I feel like my child is thin and sick. It is very anxious. NVC is not someone else's NVC, not only shareholders, it involves the employment of more than 100,000 people in the upper and lower reaches, and the annual tax revenue is several hundred million yuan."
Since the suspension of NVC on July 13, Wu Changjiang and Yan Yan had communicated face to face on the 14th. "We also talked on the phone frequently. We talked very well on the phone and when we met. He said that I hope you will come back soon. I said that I am willing to come back soon, but he said (the board of directors) is going through the procedure, I don’t know the procedure is How about." Wu Changjiang tone with a bit helpless.
The board of directors still holds an overwhelming majority of equity and board seats. After the increase in May this year, Wu Changjiang held 19.95% of the shares and returned to the largest shareholder, but it is far less than the 33% of the shares held by the three foreign shareholders, Safran, Schneider and Goldman Sachs. In the board of directors, Saifu two, Schneider one, Goldman Sachs, NVC management only one seat left.
Therefore, according to the law, NVC's board of directors can continue to shut down Wu Changjiang; in a "reverse application" voice, continue to support Schneider's administration of NVC. Schneider can use this to extend the lighting business in China, reshape the supply and sales system of NVC in accordance with its western management model, and take advantage of the huge retail channels China has dreamed of.
The “slow plan†of the employer has already loosened the dealer’s “Ting Wu†camp. There are dealers who say that no matter who controls NVC, as long as they can be kind to dealers, "we will cooperate with them." There is also a speculation that Safir supports Schneider to gain control. As a consideration, Schneider has transferred the shareholding of NVC to Safran at a high price of 4.5 yuan per share.
However, NVC has the risk of becoming an "empty shell." One is because Schneider reduced the credit, the dealers will develop their own co-brand more confidently, NVC's proud channel advantage will fall apart; the second will lose the soul, under the peers, NVC's core management team also Will be a bird and beast.
PE can't understand Wu Changjiang
Everything could not be like this. At the beginning of this year, NVC signed a contract with China's Hong Kong, Macao and Taiwan sports delegations to become their sponsors for the London Olympics; NVC also established an LED joint venture with Ruifeng Optoelectronics. Obviously, it is also on the road of rapid development - last year's NVC revenue increased by about 24%, the net interest rate reached 15% - until May 25 this year.
On the same day, Wu Changjiang, then chairman and president of NVC, resigned from the company for personal reasons, and NVC stocks plummeted. Looking back at the mutation two months ago, Wu Changjiang said: "I said that I was investigated, there is no basis. The relevant person (a NVC consultant in Chongqing) was investigated, I just assisted in the investigation. This matter has already passed, I have already painted The last period."
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