The control dispute of NVC Lighting (02222.HK), after more than a month of evolution, has begun to shift from internal resource competition to the level of judicial litigation.
On September 11, NVC lighting founder Wu Changjiang held a media briefing in Beijing in the name of NVC Lighting (China) Co., Ltd., claiming that he had filed a lawsuit against the Hong Kong and NVC lighting registered Cayman Islands courts. Wang Donglei and NVC Lighting's illegal resolutions were invalid. At the same time, Wu Changjiang also accused Wang Donglei of using his power to embezzle more than 100 million Hong Kong dollars that Dehao Runda (002005.SZ) should pay to Wu Changjiang. On September 10, NVC Lighting also held a press conference in Beijing, claiming that Wu Changjiang involved 173 million yuan of illegal mortgage guarantees and accused Wu Changjiang of "three sins" for alleged misappropriation of funds or crimes of occupation.
Compelled criminal feud escalated <br> <br> at the press conference September 10, the NVC counsel, said Wu Changjiang in the Bank of China Chongqing Branch ferry through NVC (China) Co., Ltd. has three accounts A violation guarantee was issued for Chongqing Enweixi Industrial Development Co., Ltd. and Chongqing Leilijie Industrial Development Co., Ltd.
According to the “guarantee pledge contract†signed by Wu Changjiang and the bank, NVC Lighting (China) provided a guarantee deposit of RMB 173 million for the main creditor's rights in the above three loan contracts. This means that once the main debtor is unable to pay off the loan, NVC Lighting will face as much as 173 million yuan in losses, and the actual controllers of the above two guaranteed companies are Wu Changjiang himself.
NVC, vice president and chief financial officer of NVC Lighting, said that the above mortgage guarantees were neither informed by the company's board of directors or the financial department. "This is a contract signed by Wu Changjiang when he is a legal representative of a subsidiary company, but from within the company, the board of directors and the finance department will refuse to implement it."
NVC Lighting's attorney said that Wu Changjiang may be suspected of misappropriating funds or misappropriation, breach of credit, damage to listed companies, breach of regulations or non-disclosure of important information. Tan said that NVC Lighting is reporting the case to the public security organ.
In response, Wu Changjiang responded at the media briefing on September 11 that this was “misleading the publicâ€. The materials provided by Wu Changjiang said that Hong Kong Wuji Lighting Co., Ltd. had a shortage of funds in the construction of the "NVC headquarters building project" and applied for loan from NVC, but NVC Lighting (China) Co., Ltd. did not borrow for the Promise Lighting. It is a guarantee to the bank. At the same time, Promise Lighting also provided counter-guarantee for projects under construction. The value of the project under construction plus the land value has exceeded RMB 1 billion. These loans were all used in the "NVC headquarters building", reflecting the fundamental interests of NVC lighting.
At the same time, the materials provided by Wu Changjiang also said that in the process of purchasing the equity of NVC in Wu Changjiang by Dehao Runda, more than 100 million Hong Kong dollars were still not received. According to the lawyer appointed by Wu Changjiang, the money has already been spent on the account of Dehao Runda. “The initial understanding is that Wang Donglei whales.†Once verified, criminal charges will be filed.
On September 11, NVC lighting founder Wu Changjiang held a media briefing in Beijing in the name of NVC Lighting (China) Co., Ltd., claiming that he had filed a lawsuit against the Hong Kong and NVC lighting registered Cayman Islands courts. Wang Donglei and NVC Lighting's illegal resolutions were invalid. At the same time, Wu Changjiang also accused Wang Donglei of using his power to embezzle more than 100 million Hong Kong dollars that Dehao Runda (002005.SZ) should pay to Wu Changjiang. On September 10, NVC Lighting also held a press conference in Beijing, claiming that Wu Changjiang involved 173 million yuan of illegal mortgage guarantees and accused Wu Changjiang of "three sins" for alleged misappropriation of funds or crimes of occupation.
Compelled criminal feud escalated <br> <br> at the press conference September 10, the NVC counsel, said Wu Changjiang in the Bank of China Chongqing Branch ferry through NVC (China) Co., Ltd. has three accounts A violation guarantee was issued for Chongqing Enweixi Industrial Development Co., Ltd. and Chongqing Leilijie Industrial Development Co., Ltd.
According to the “guarantee pledge contract†signed by Wu Changjiang and the bank, NVC Lighting (China) provided a guarantee deposit of RMB 173 million for the main creditor's rights in the above three loan contracts. This means that once the main debtor is unable to pay off the loan, NVC Lighting will face as much as 173 million yuan in losses, and the actual controllers of the above two guaranteed companies are Wu Changjiang himself.
NVC, vice president and chief financial officer of NVC Lighting, said that the above mortgage guarantees were neither informed by the company's board of directors or the financial department. "This is a contract signed by Wu Changjiang when he is a legal representative of a subsidiary company, but from within the company, the board of directors and the finance department will refuse to implement it."
NVC Lighting's attorney said that Wu Changjiang may be suspected of misappropriating funds or misappropriation, breach of credit, damage to listed companies, breach of regulations or non-disclosure of important information. Tan said that NVC Lighting is reporting the case to the public security organ.
In response, Wu Changjiang responded at the media briefing on September 11 that this was “misleading the publicâ€. The materials provided by Wu Changjiang said that Hong Kong Wuji Lighting Co., Ltd. had a shortage of funds in the construction of the "NVC headquarters building project" and applied for loan from NVC, but NVC Lighting (China) Co., Ltd. did not borrow for the Promise Lighting. It is a guarantee to the bank. At the same time, Promise Lighting also provided counter-guarantee for projects under construction. The value of the project under construction plus the land value has exceeded RMB 1 billion. These loans were all used in the "NVC headquarters building", reflecting the fundamental interests of NVC lighting.
At the same time, the materials provided by Wu Changjiang also said that in the process of purchasing the equity of NVC in Wu Changjiang by Dehao Runda, more than 100 million Hong Kong dollars were still not received. According to the lawyer appointed by Wu Changjiang, the money has already been spent on the account of Dehao Runda. “The initial understanding is that Wang Donglei whales.†Once verified, criminal charges will be filed.
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