August 16, 2012

media means

Mainland media means, NVC ( 02222) chairman Yan Yan involved allegedly hiding and NVC in related transaction, disturbance, and told NVC founder and owner Wu Changjiang for 3% individual stock options, Yan Yan denies all the charges, said " all transactions are legitimate ".

This involved in related transaction is NVC production lanterns, crystal lamps holy love division lighting and production of electrical products Chongqing En-lin appliances,PC Web Cameradab5d63ck two company in 2010 by the board of Trustees approved the use of the registered trademark and distribution network, and as rich game representing the NVC directors Yan Yan and Lin Heping, the board of directors vote when no obstacle seats, it has concealed the transactions too.

On the other hand, the labor unrest earlier outbreak of NVC Huizhou plant on last Friday ( 27 ) complete restart, the spokesman said the factory stone Yongjun, return to work after orders some dealers in new orders, some outstanding orders.

NVC tall willow (a pseudonym ) to the south are exclusive insolation material known, Saif chief partner, the NVC NVC and chairman Yan Yan and related enterprises have many " private transaction ".

" Yan Yan 2006 with rich game $22000000 before blood transfusion NVC, threaten Wuzong ( NVC founder Wu Changjiang ) to his 3% option, say no to not invest.dab5d63ck Willow says, since Yan Yan in the NVC board " who did not give him the private benefits of the project, they all voted against the bill ".

Yan Yan retorted, they never do private transactions, Saif investment any enterprise, are required to give the option, this is company action, " if I was such a person, not the waist straight, still tens of billions of funds? "

Yan Yan says, current employees; dealers ' initiatives, are in the Wu Changjiang " s return ".

NVC: do not give personal benefits of the project, Yan Yan all opposition

In 2006, because of the need to pay the other two of 160000000 major shareholders of " Severance ", Wu Changjiang around to raise the money.

Yan Yan represented by Saif investment, for the Wu Changjiang is timely assistance. " But Yan Yan said, to his 3% option, or don't invest. " Willow says, Wu Changjiang helpless, can only accept the " threat ". Finally, Yan Yan to 0.5 dollar price, the company received 3% options, " ' A shares is 2 much HK dollar, Yan Yanguang this one earned several million ".

Yang said, ' accounts of long term about 2000000000 of the cash flow, " they said you so much money, why not do some investment. The actual situation is, Mr. Wu ( NVC founder Wu Changjiang ) recommendations, as long as they do not give Yan Yan the personal benefits, Yan objected. "

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