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Toh Han Shih

Wu Changjiang, the founder of NVC Lighting Holding, is being investigated for embezzlement in Huizhou, Guangdong.
Wu, locked in a power struggle with chairman Wang Donglei, was voted out of the board of the nation's largest lighting manufacturer at an extraordinary shareholders' meeting in August.
The company's Weibo microblog showed an image of what appeared to be a document of Huizhou police announcing they were investigating Wu for embezzling funds.
"We firmly believe the law is just," the post said.
News website Southcn.com reported it had obtained confirmation from police concerning the investigation.
Asked about the investigation, NVC's chief financial officer Anthony Tan Ying told the South China Morning Post in Putonghua: "I am not clear about this."
NVC on Monday announced it regained physical control of its former headquarters in Chongqing on October 22. NVC had on August 20 shifted its headquarters to Huizhou, where it also has a factory.
Production at the Chongqing factory has remained suspended since August 8. Wang said at the time Wu was running the Chongqing operations.
Earlier this month, Wu was quoted by the media alleging that Wang had committed fraud when Elec Tech International, a Shenzhen-listed lighting maker, bought 21.27 per cent of a Beijing advertising firm for 640 million yuan. Wang denied the claims.
Wang is the founding chairman and largest shareholder of Elec Tech. Wu is the second-largest shareholder with a 9.3 per cent stake. Elec Tech is the biggest shareholder of NVC, with a 20.24 per cent stake, according to Bloomberg.


NVC Lighting founder probed by mainland authorities

NVC Lighting, the largest lighting products firm in China, has been plagued by industrial unrest for over two years. Photo: EPA

NVC Lighting shareholders vote 95pc to oust founder

Wu Changjiang says his removal will hurt the interests of NVC shareholders even more. Photo: Jonathan Wong

Troubled lighting firm NVC declares 'emergency' and moves headquarters

 The board of NVC Lighting is battling to remove chief executive Wu Changjiang. Photo: SCMP Pictures

 The board of NVC Lighting is battling to remove chief executive Wu Changjiang. Photo: Jonathan Wong

NVC Lighting chief Wu Changjiang fights dismissal as board row deepens

Wu Changjiang is said to remain in control of NVC Lighting’s operations in Chongqing. Photo: Jonathan Wong

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Wu Changjiang, the founder of NVC Lighting Holding, is being investigated for embezzlement in Huizhou, Guangdong.


NVC Lighting founder probed by mainland authorities

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Wu Changjiang, the founder of NVC Lighting Holding, is being investigated for embezzlement in Huizhou, Guangdong.

Wu Changjiang, the founder of NVC Lighting Holding, is being investigated for embezzlement in Huizhou, Guangdong.