NVC founder Wu Changjiang reported Wang Donglei 640 million shares in the shell company
The "fight" between NVC's founder Wu Changjiang and the company's chairman Wang Donglei is still going on. After Wu Changjiang’s shareholding in Dehao Runda was frozen, on October 9 Wu Changjiang said that Wang Donglei’s price was reported to be a shell company’s Weimei Shengjing, suspected of profit transfer and performance fraud. In this regard, Wang Donglei told the Beijing News reporter yesterday that the investment has undergone a series of comprehensive evaluations and has been approved by the shareholders' meeting and the board of directors.
The company reported a loss of 640 million investment <br> <br> public information, Wu Changjiang BDO Runda currently holds 130 million shares of restricted shares, the total share capital of 9.31%, the Department of Elec-Tech's second-largest shareholder. Wang Donglei is the owner of Wuhu Dehao Investment Co., Ltd., the largest shareholder of Dehao Runda, and the actual controller of Dehao Runda.
Yesterday, Wu Changjiang said that Dehao Runda acquired the equity of Weimei Shengjing at a price of 640 million yuan. At that time, Weimei Shengjing was insolvent.
On the evening of May 13, 2013, Dehao Runda announced that it had invested 640 million yuan in Beijing Weimei Shengjing Advertising Co., Ltd. to obtain a 21.27% stake in Weimei Shengjing.
Wu Changjiang said that the registered capital of Weimei Shengjing was RMB 50 million when it was initially established in April 2011. At the end of 2012, the loss of Weimei Shengjing reached 22 million yuan. As of March 31, 2013, the owner's equity of Weimei Shengjing was -28,871,100 yuan.
Wu Changjiang believes that the acquisition of Dehao Runda is obviously suspected of using the convenience of the position to damage the interests of the listed company.
In the acquisition announcement, Dehao Runda also agreed that Weimei Shengjing will use Dehao Runda's investment to purchase its LED display products. Wu Changjiang said that the investment was also suspected of fraudulent performance and deception of the public. "Wang Donglei's behavior of purchasing his own products by controlling Dehao Runda to increase the capital of Weimei Shengjing, suspected of the significant foreign interest transfer and performance fraud of listed companies, has seriously damaged the interests of the listed shareholders of Dehao Runda, and has violated the criminal law." Wu Changjiang said in the report letter.
According to Wu Changjiang, the criminal complaint and report materials have been submitted to the Guangdong Public Security Bureau and the Securities Regulatory Commission.
Wu Changjiang’s shares in Dehao were frozen. “Wu Changjiang once took this to find me and asked for peace talks.†For the content of Wu Changjiang’s report and the accusation, Wang Donglei told reporters yesterday that he had already received it.
Wang Donglei said that the company's investment in Weimei Shengjing has undergone a series of comprehensive evaluations, which is a very good investment. Weimei Shengjing will become China's largest outdoor media publishing platform. And this investment passed the approval of the company's shareholders meeting and the board of directors. He said that the project is still in the investment stage, so there is no return on investment.
Dehao Runda announced on September 30 that Wu Changjiang’s entire shareholding in Dehao Runda has been frozen by the court. Wang Donglei said in an interview with the media that this is not the company's freezing of Wu Changjiang's equity, mainly because Wu Changjiang owes the debt of the agent, and the agent freezes Wu Changjiang's equity.
On August 8 this year, NVC Lighting announced that Wang Donglei was the chairman of the board to remove the CEO and executive director of Wu Changjiang, but was opposed by Wu Changjiang. Wu Changjiang believes that the company's recall procedure is not in compliance and has filed a complaint with the Hong Kong Stock Exchange. The infighting event continued to ferment.
On August 29, NVC Lighting held an extraordinary general meeting in Hong Kong to vote on the removal of Wu Changjiang. The results showed that 95.84% of the shares held by the voting shareholders were in favor of the removal of all directors of Wu Changjiang and the board of directors. Wu Changjiang was "escaped" from the board of directors. Since then, Wu Changjiang has not given up, and said that he has filed a lawsuit against Wang Donglei.
The company reported a loss of 640 million investment <br> <br> public information, Wu Changjiang BDO Runda currently holds 130 million shares of restricted shares, the total share capital of 9.31%, the Department of Elec-Tech's second-largest shareholder. Wang Donglei is the owner of Wuhu Dehao Investment Co., Ltd., the largest shareholder of Dehao Runda, and the actual controller of Dehao Runda.
Yesterday, Wu Changjiang said that Dehao Runda acquired the equity of Weimei Shengjing at a price of 640 million yuan. At that time, Weimei Shengjing was insolvent.
On the evening of May 13, 2013, Dehao Runda announced that it had invested 640 million yuan in Beijing Weimei Shengjing Advertising Co., Ltd. to obtain a 21.27% stake in Weimei Shengjing.
Wu Changjiang said that the registered capital of Weimei Shengjing was RMB 50 million when it was initially established in April 2011. At the end of 2012, the loss of Weimei Shengjing reached 22 million yuan. As of March 31, 2013, the owner's equity of Weimei Shengjing was -28,871,100 yuan.
Wu Changjiang believes that the acquisition of Dehao Runda is obviously suspected of using the convenience of the position to damage the interests of the listed company.
In the acquisition announcement, Dehao Runda also agreed that Weimei Shengjing will use Dehao Runda's investment to purchase its LED display products. Wu Changjiang said that the investment was also suspected of fraudulent performance and deception of the public. "Wang Donglei's behavior of purchasing his own products by controlling Dehao Runda to increase the capital of Weimei Shengjing, suspected of the significant foreign interest transfer and performance fraud of listed companies, has seriously damaged the interests of the listed shareholders of Dehao Runda, and has violated the criminal law." Wu Changjiang said in the report letter.
According to Wu Changjiang, the criminal complaint and report materials have been submitted to the Guangdong Public Security Bureau and the Securities Regulatory Commission.
Wu Changjiang’s shares in Dehao were frozen. “Wu Changjiang once took this to find me and asked for peace talks.†For the content of Wu Changjiang’s report and the accusation, Wang Donglei told reporters yesterday that he had already received it.
Wang Donglei said that the company's investment in Weimei Shengjing has undergone a series of comprehensive evaluations, which is a very good investment. Weimei Shengjing will become China's largest outdoor media publishing platform. And this investment passed the approval of the company's shareholders meeting and the board of directors. He said that the project is still in the investment stage, so there is no return on investment.
Dehao Runda announced on September 30 that Wu Changjiang’s entire shareholding in Dehao Runda has been frozen by the court. Wang Donglei said in an interview with the media that this is not the company's freezing of Wu Changjiang's equity, mainly because Wu Changjiang owes the debt of the agent, and the agent freezes Wu Changjiang's equity.
On August 8 this year, NVC Lighting announced that Wang Donglei was the chairman of the board to remove the CEO and executive director of Wu Changjiang, but was opposed by Wu Changjiang. Wu Changjiang believes that the company's recall procedure is not in compliance and has filed a complaint with the Hong Kong Stock Exchange. The infighting event continued to ferment.
On August 29, NVC Lighting held an extraordinary general meeting in Hong Kong to vote on the removal of Wu Changjiang. The results showed that 95.84% of the shares held by the voting shareholders were in favor of the removal of all directors of Wu Changjiang and the board of directors. Wu Changjiang was "escaped" from the board of directors. Since then, Wu Changjiang has not given up, and said that he has filed a lawsuit against Wang Donglei.
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