Shares in beleaguered NVC Lighting Holding dropped 9.3 per cent yesterday after announcing that its founder and former chairman Wu Changjiang is selling nearly two-thirds of his shares to Elec-...
- Tue
- May 21, 2013
- Updated: 9:44pm
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Shares of NVC Lighting Holding dropped yesterday after the firm said it was talking to its former chairman, Wu Changjiang, about his possible return to the company and following the resignation of...
NVC Lighting's disputes with its former chairman Wu Changjiang may have a limited impact on the Hong Kong-listed firm's first-half results, but could prove costly in the second half.
NVC Lighting Holding shares lost more than a quarter of their value yesterday after the mainland firm disclosed a litany of problems including a dispute with its former chairman, the resignation...
Suppliers have reportedly stopped dealing with Hong Kong-listed NVC Lighting amid growing tensions between the board and management.
A year ago, Wu Changjiang, then chairman of NVC Lighting, believed he had the world at his feet, running China's largest lighting product-maker, and the support - or so he thought - of major...
Internal conflict within NVC Lighting Holding, the mainland's largest maker of lighting products, escalated yesterday after the company's management, distributors and suppliers urged the board to...
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