On January 5, according to the latest news, NVC Lighting (02222.HK, hereinafter referred to as "NVC") founder Wu Changjiang was officially transferred by the Huizhou Municipal Public Security Bureau on the afternoon of January 4 due to alleged misappropriation of funds. The Huizhou Municipal People's Procuratorate submitted an approval for arrest.
A person close to NVC told reporters that there was a dispute between NVC and Wu Changjiang, but declined to comment on Wu Changjiang's recent situation.
NVC Lighting announced on the evening of November 6, 2014 that Wu Changjiang, the former chairman of the company, had signed several pledge guarantee agreements with the bank, and the company had more than 500 million yuan to be withdrawn or frozen. Since then, the announcement revealed that two of the banks were Minsheng Bank Chongqing Branch and ICBC Nanping Branch. The media said that Wu Changjiang and other people allegedly misappropriated funds were filed on October 22, 2014 by the Huizhou Municipal Public Security Bureau, and were detained on December 4 of the same year.
According to the December announcement of Dehao Runda (002005.SZ), Wu Changjiang’s 9.31% stake in Dehao Runda has been frozen by the Chongqing Higher People’s Court, involving 130 million shares, waiting for the freeze period. 24 months. According to the closing price of Dehao Runda at the time of 9.03 yuan / share, Wu Changjiang's frozen stock assets market value of 1.174 billion yuan.
Wu Changjiang, the founder of NVC Lighting, had a bad fortune in 2014. In the "NVC storm", he was arrested as the president and executive director of NVC, and was investigated by the Huizhou Public Security Bureau for allegedly embezzling the funds of NVC. In addition, there are rumors that Wu Changjiang owes a huge amount of gambling debts in Macau. For Wu Changjiang’s shareholding in Dehao Runda, all of them were judicially frozen. Whether it was because of the rumor of debts or because of the alleged misappropriation of NVC funds, Dehao Runda’s secretary-general Deng Fei said in a telephone interview. do not know".
In December 2012, Wu Changjiang transferred most of his shares in NVC to Dehao Runda, which became the major shareholder of NVC. As a consideration, Wu Changjiang later subscribed for the equity of Dehao Runda's private placement, becoming the second largest shareholder of Dehao Runda, holding the shares second only to Wang Donglei, Chairman of Dehao Runda.
It has been rumored that Wu Changjiang was criminally detained by the public security organs in early December, but has not yet been confirmed by Wu Changjiang’s acquaintances, lawyers and public security organs. The transfer of Wu Changjiang was transferred to the Huizhou Municipal People's Procuratorate by the Huizhou Municipal Public Security Bureau of Guangdong Province for approval. If the rumors are true, Wu Changjiang has been in prison for nearly a month.
Wu Changjiang’s original mobile phone is currently in a down state. Wu Changjiang’s latest Weibo was written on December 2nd: “The two days in Shanghai are really cold, but when I saw several dealers in East China, my heart was very warm! Especially your sentence is willing to die regardless of what I do. If you follow, I am moved to tears, thank you for your trust and support, I will not give up! Tomorrow will be better!" Since then, there has been no update.
A person close to NVC lighting board said that if the case is characterized as misappropriation of funds rather than encroachment, then Wu Changjiang will face the responsibility of returning funds, the specific amount is still in the process of auditing, even if the refund is still criminally liable.
A person close to NVC told reporters that there was a dispute between NVC and Wu Changjiang, but declined to comment on Wu Changjiang's recent situation.
NVC Lighting announced on the evening of November 6, 2014 that Wu Changjiang, the former chairman of the company, had signed several pledge guarantee agreements with the bank, and the company had more than 500 million yuan to be withdrawn or frozen. Since then, the announcement revealed that two of the banks were Minsheng Bank Chongqing Branch and ICBC Nanping Branch. The media said that Wu Changjiang and other people allegedly misappropriated funds were filed on October 22, 2014 by the Huizhou Municipal Public Security Bureau, and were detained on December 4 of the same year.
According to the December announcement of Dehao Runda (002005.SZ), Wu Changjiang’s 9.31% stake in Dehao Runda has been frozen by the Chongqing Higher People’s Court, involving 130 million shares, waiting for the freeze period. 24 months. According to the closing price of Dehao Runda at the time of 9.03 yuan / share, Wu Changjiang's frozen stock assets market value of 1.174 billion yuan.
Wu Changjiang, the founder of NVC Lighting, had a bad fortune in 2014. In the "NVC storm", he was arrested as the president and executive director of NVC, and was investigated by the Huizhou Public Security Bureau for allegedly embezzling the funds of NVC. In addition, there are rumors that Wu Changjiang owes a huge amount of gambling debts in Macau. For Wu Changjiang’s shareholding in Dehao Runda, all of them were judicially frozen. Whether it was because of the rumor of debts or because of the alleged misappropriation of NVC funds, Dehao Runda’s secretary-general Deng Fei said in a telephone interview. do not know".
In December 2012, Wu Changjiang transferred most of his shares in NVC to Dehao Runda, which became the major shareholder of NVC. As a consideration, Wu Changjiang later subscribed for the equity of Dehao Runda's private placement, becoming the second largest shareholder of Dehao Runda, holding the shares second only to Wang Donglei, Chairman of Dehao Runda.
It has been rumored that Wu Changjiang was criminally detained by the public security organs in early December, but has not yet been confirmed by Wu Changjiang’s acquaintances, lawyers and public security organs. The transfer of Wu Changjiang was transferred to the Huizhou Municipal People's Procuratorate by the Huizhou Municipal Public Security Bureau of Guangdong Province for approval. If the rumors are true, Wu Changjiang has been in prison for nearly a month.
Wu Changjiang’s original mobile phone is currently in a down state. Wu Changjiang’s latest Weibo was written on December 2nd: “The two days in Shanghai are really cold, but when I saw several dealers in East China, my heart was very warm! Especially your sentence is willing to die regardless of what I do. If you follow, I am moved to tears, thank you for your trust and support, I will not give up! Tomorrow will be better!" Since then, there has been no update.
A person close to NVC lighting board said that if the case is characterized as misappropriation of funds rather than encroachment, then Wu Changjiang will face the responsibility of returning funds, the specific amount is still in the process of auditing, even if the refund is still criminally liable.
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