Since August 10, NVC lighting suppliers have stopped supplying to NVC Lighting because they did not receive a reply from the board of directors regarding Wu Changjiang's return. NVC lighting executives said that the current inventory of NVC lighting can only maintain the factory's four-day production.
Since July 12, NVC lighting dealers "forced the palace" management, asked Wu Changjiang to return. However, the dealer did not receive a reply from the board of directors on the same day. After the two parties negotiated, the response period was limited to August 1, and the NVC factory began to stop working.
At the end of July, NVC lighting staff fought for Wu Changjiang more time to explain clearly and put forward three requirements for Wu's return. The employees negotiated with the board of directors and resumed production automatically. The response period was extended to August 10.
However, on August 10, NVC lighting employees and operators did not receive any response from the board of directors. The current chairman of NVC Lighting, in an interview with the media, said that the so-called final response period on August 10 was only the dealer's request, but he did not agree, when to reply to see the progress of the process on the HKEx, The announcement will not be issued until the HKEx has notified.
The original letter of the NVC supply chain that was learned today has the relevant signature on the above. “The chairman received it. The board of directors will discuss the reply within three weeks.†The date is “2012.7.12â€.
The reconciliation of NVC is currently continuing with both sides. According to informed sources, Wu Changjiang has returned from his home in London and has a rest in the Chongqing brand. There is no new move in the dealer brand. It is reported that an independent director of NVC Lighting is preparing to resign due to civil disturbance and is currently seeking confirmation from the other party.
According to NVC lighting executives, more than 20 suppliers have stopped supplying to NVC Lighting, which accounts for 85% of the supply. The executive said that the current inventory of NVC is only enough for the factory. 4 days of operation.
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