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meishengchao
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Dec 14 2015, 03:20 AM
Post #1
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- Posts:
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" In July, former chairman of NVC Wu Changjiang release of alleged misappropriation of company funds, without authorization on behalf of the findings of the company secured loans, showing Wu Changjiang in the past on behalf of the Company entered into 14 parts of the pledge agreement, the total amount of loans of about 640 million yuan, and extract 550 million yuan. Resumption Conditions NVC Foreign mentioned that the freezing of funds and withdrawal of treatment pledge,black composite front door fence security agreement, Wu Changjiang had entered into licensing agreements with third parties are required to be classified as "non-compliance" and claim to have been dismissed Wu Changjiang and his wife a variety of positions, the company is no longer responsible for this and Wu of legal proceedings. The management pointed out that Wu Changjiang potential credit risk capital operation had involved might bring to the NVC, including in 2014 the company has provision for 285 million yuan to 14 parts provision pledge and security agreement, and not from Wu Changjiang Office and third parties to recover any money, there will be loss of about 266 million yuan, in addition to the bank if the claim is successful, will have to bear the loss of about 60 million yuan and interest.eco composite decking in gauteng However, earlier this year, NVC vice president and chief financial officer told shareholders that talk eagle, the company will through judicial means, to recover the resulting loss of more than 600 million yuan, most of them believe that loss can be recover back. These are for the resumption of NVC failed to get investors recognized foreshadowed. In addition, several institutional investors who interviewed for the helm Wang Dong-lei expression holdings NVC determination but has no action expressed doubts that it is unwilling to increase the confidence of investors NVC performance. During NVC suspended business for rectification, Wang Dong Lei told the media that, "NVC internal friction has passed, make a wet bar for a deck and now the situation is completely stable," so certainly intend to continue to overweight NVC and NVC privatization, "from the main NVC the day, we hope that more overweight NVC shares. " A large investment institutions to insiders and related capital NVC collaboration pointed out that after resumption of trading the share price lower NVC is expected to still be relatively long stage of adjustment, mutual BDO Runda and between NVC Integration is not the right time. BDO Runda end of last year had planned to sell all operating assets and liabilities associated with the LED lighting business to NVC, NVC will be paid entirely in cash consideration.
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