"Now the NVC is very rich?" Someone asked the president Wu Changjiang. In the past, because the founders were divided, the other two entrepreneurs “blooded†160 million yuan in half a year, almost letting NVC die halfway.
"NVC's 2006 profit statement is $12 million. More importantly, many venture capital funds and banks are willing to cooperate with us." When the reporter saw Wu Changjiang, it was at 6 o'clock in the morning. It is understood that Merrill Lynch and NVC are currently negotiating capital injections, involving an amount of more than 20 million US dollars.
In fact, as early as April 2006, Softbank invested in NVC with a registered capital of US$22 million. This is the first time that Softbank, which has always focused on IT and high-tech industries, invested in the traditional manufacturing industry in China. At that time, Softbank was the thunder of Wu Changjiang. The second largest shareholder. Then, NVC received 350 million yuan of interest-free loans in China, and Softbank can also pursue investment funds at any time.
Today, Wu Changjiang has already got rid of the capital pressure brought by the equity turmoil that happened nearly two years ago. He is alive and well, but he sits on the head of the domestic lighting industry with amazing "Mrushi speed". Put the chair. Even after Softbank and Merrill entered NVC, Wu Changjiang still held the absolute controlling right of NVC, but when NVC started with 1 million funds, the situation was not the case.
Carrying gold into the water
It was taken away by the shareholders of 50 million yuan, and the capital chain broke and fell to the ground.
"I accounted for 45% of the shares at the beginning of NVC, and the other two shareholders accounted for 55%. My point of view was that because I brought them over, I said that you two accounted for 55%, and I accounted for 45%. In this way, if I am willing to go my own way and use it myself, you two can restrict me.†The two shareholders mentioned here are Wu Changjiang’s two junior high school students, and they are the two protagonists who later left the equity turmoil.
At the end of 2005, when the NVC brand brought back lucrative profits to shareholders, Wu Changjiang urged the company to increase investment and accelerate expansion, while the other two shareholders insisted on dividends, and the two sides disputed. The decision to form a three-person board was obvious, and the other two shareholders intended to force Wu Changjiang with extremely harsh conditions. The lost Wu Changjiang had to take the money to leave. However, at this time, the suppliers and sellers refused to agree, and they stood on the side of Wu Changjiang, and they turned around. Three days later, Wu Changjiang, who had already been kicked out, regained the company's big seal, and the two shareholders who took the money and left.
Although the city was guaranteed, Wu Changjiang paid a huge price of 160 million yuan. "You carry gold in your body and fall into the water. If you don't lose gold, your life will be gone. At that time, the company was very dangerous. I only lost the 'gold' and kept the company firmly in my hands."
According to the agreement signed by the two parties, Wu Changjiang must pay 80 million yuan to each other two shareholders, a total of 160 million equity transfer. Not only is the number not small, but there are time limits. Wu Changjiang must first pay 50 million yuan for a total of 100 million yuan in one month, and the balance must be paid in half a year. Two days after the signing of the agreement, the lawyer brought a supplementary agreement to Wu Changjiang. If he could not pay on time, he would auction his shares and brand.
NVC, who lives on the front line, can't help but reminiscent of Zeng's love more DVDs. In that year, it was because of a stock turmoil that the shareholders took away 50 million yuan, and the capital chain broke and fell to the ground. What happened to NVC this time, even more so, the 160 million draws at the bottom of the market made NVC also face a break in the capital chain.
Borrowing for the first time
A female president of the Shenzhen Development Bank became the noble person of his hit.
Although Wu Changjiang has escaped a disaster, but the company's operating funds are stretched, he has to run around and raise loans. At that time, Wu Changjiang had real estate and real estate. Even if the mortgage went out, no bank in Huizhou where NVC was willing to lend him. After all, tens of millions are not a small number.
Just as Wu Changjiang had nowhere to go, God gave him a turn for the better, and a female president of the Shenzhen Development Bank became the one he hit.
In March 2006, it was Wu Changjiang’s first meeting with the governor. Wu Changjiang puts his company's past, the difficulties it faces, and the plans for the future. Of course, the most important theme still falls on borrowing money.
"I believe in you, I will lend you." The female president said a word.
Wu Changjiang needs 80 million, and the feasible long-term authority is 60 million. If you want to borrow 80 million, you need to apply for approval according to the procedure, and the time will be slower. Therefore, with the help of the president, Wu Changjiang, who urgently needed money, won a 60 million loan in the snow within a week.
Another 20 million gap was benefited from the help of a Chinese-American who also worked in the lighting industry. Under the guidance of others, it was also the first time that Wu Changjiang had 20 million. The other party actually agreed.
This experience of listening to the Arabian Nights does happen to Wu Changjiang. In his opinion, this is luck and God. "Actually, I can close the door immediately, no one will come to pick up my factory, and no one will come to me to make trouble, but I can't do this."
In fact, at the end of 2005, Wu Changjiang borrowed money from friends everywhere. Many of his friends provided him with hundreds of thousands of support. Some people lend him money without even borrowing. "I gave them a loan, and they said that we want to borrow and use it. I am also very surprised why they trust me so much."
The support of friends, the bank's loans, and the subsequent $22 million of Softbank's venture capital, as well as the more than 3 billion discount loans from the strong NVC brand and the rapid return of thousands of stores across the country... Wu Changjiang Not only did the employee's salary be paid, but in the end, in June 2006, the two shareholders' money was paid on time, and the loan was paid off by the interest of two points per month. The synergy from many aspects finally lifted the NVC cliff. It is difficult to die.
1 2 Next Page
Metal junction boxed housing series, specail for North America,with UL/ETL certification,1-100W ,CE/ROHS/SAA/ETL/TUV/EMC,Input voltage can be both 110V and 220V,Wattage can be 1-80W, DALI/TRIAC/0-10V/PUSH dimmable and non dimmable, flicker free,noise free,load free, Perfect dimming curve, PF>0.95,constant current 350mA 700mA 900mA 1200mA,constant voltage 12V 24V 36V, parameters can be customization,OEM/ODM is supported,Same appearances but different sizes, forming a perfect product line,Use for led panel light,led strip light and other indoor led lights
UL/ETL Junction Boxed Led Driver
Metal Triac Dimmable LED Driver,Metal 0-10V Dimmable LED Driver,Metal DALI Dimmable LED Driver ,Metal PUSH Dimmable LED Driver
HAURUI LIGHTING CO.,LTD , http://www.huaruileddriver.com