NVC Lighting: Wu Changjiang was investigated for alleged misappropriation of funds

NVC Lighting Company announced that Wu Changjiang, the former chairman of NVC Lighting, and others were allegedly misappropriated by the Huizhou Public Security Bureau of Guangdong Province. It is reported that NVC Lighting currently suspends the operation of NVC China in Chongqing and establishes a temporary headquarters in Huizhou Office.

On October 28, the official microblog of NVC Lighting released the “Notice of Filing a Case” for the Huizhou Public Security Bureau, indicating that the Huizhou Municipal Public Security Bureau has officially misappropriated funds for NVC Lighting, such as Wu Changjiang, and believes that there is a suspected criminal fact. Now, the case of misappropriation of funds is being investigated.

Wu Changjiang, former chairman of NVC Lighting (data sheet)

NVC lighting Sina Weibo screenshot


According to the latest report, the NVC lighting incident that has been raging has made new progress. At 18 o'clock on October 29, the Huizhou Municipal Public Security Bureau confirmed to reporters that NVC Lighting Wu Changjiang and others were suspected of misappropriating funds and were investigated by the bureau.

According to the report, the NVC lighting incident that has been raging has made new progress. At 18 o'clock on October 29, the Huizhou Municipal Public Security Bureau confirmed to reporters that NVC Lighting Wu Changjiang and others were suspected of misappropriating funds and were investigated by the bureau.

On the afternoon of the 28th, the official Weibo, which was certified as NVC Lighting, produced a photo of the “Notice of Filing a Case”, which stated that the Huizhou Municipal Public Security Bureau had formally applied for the misappropriation of funds by NVC, Wu Changjiang and others. Suspected of the fact that there is a crime, the current misappropriation of funds case for investigation. This microblogging came out, causing many netizens to watch.

At 18 o'clock on the 29th, the reporter asked the Huizhou Municipal Public Security Bureau for this matter. The Huizhou Municipal Public Security Bureau said that Wu Changjiang was suspected of misappropriating funds and has been filed for investigation by Huizhou police, but the details are not convenient for disclosure.

The announcement by NVC Lighting on the Hong Kong Stock Exchange on the evening of October 27 indicated that it had decided to suspend the operation of NVC China in Chongqing and set up a temporary headquarters in Huizhou Office. At the same time, “To avoid doubts”, the Wanzhou factory is still closed.

In addition, the announcement stated that the company has notified the relevant bank to suspend any payment from the account of NVC Lighting (China) Co., Ltd. and suspend payment from several other subsidiary accounts of the company.

In response to NVC Lighting's previous statement that it has taken over the Chongqing company, Wu Changjiang responded on October 20 that the board of directors did not take over the Chongqing headquarters, only to talk to employees when he was absent.

Wu Changjiang, former president of NVC Lighting Holdings Co., Ltd. Established NVC Lighting Company in 1998. In May 2012, he announced that he had resigned from the company for personal reasons. The outside world is guessed because of the internal interest game. In January 2013, Wu Changjiang was re-appointed as CEO.

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