2015-07-07

NVC Lighting Sued Over Outstanding Loan Left by Former CEO

NVC Lighting recently was notified by Chongqing First Intermediate People's Court that a Chinese bank has filed a plaintiff against the company for outstanding loans left by former CEO Wu Changjiang.
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2015-03-05

Chinese Court Freezes Assets of Former NVC Lighting Executive

The Huizhou Intermediate People’s Court recently froze NVC Lighting former Chairman Changjiang Wu’s 130 million company shares worth RMB 1.1 billion (US $180 million), according to a Sinai report.
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2015-02-25

LED Industry’s 2014 Winners and Losers

The LED industry can be a peaceful paradise or a burning inferno. It can be a place where you introduce your beloved so they can prosper, or be turned into a torture device to be used against your worst enemy. Euphoria tightly entwined with bitter misery can be observed in the industry throughout 2014. Some manufacturers have emerged successful at the end of 2014, while others have sadly left the market.
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2015-01-07

Police File for Former NVC Lighting Chairman’s Detainment

Police in Huizhou Municipal, Guangdong Province, China have applied for the official detainment of former NVC Lighting Chairman Changjiang Wu recently, according to a latest report from Chinese-language media East Money.com.
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2014-12-17

Former NVC Lighting Chairman Wu Changjiang Arrested for Misappropriating Funds

NVC Lighting founder Wu Changjiang was detained by police in Huizhou, Guangdong Province, China on Tuesday, according to a report by National Business Daily.
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2014-09-30

Stockholders Freeze Former NVC Lighting CEO Shares in The Company

NVC Lighting announced the company froze second largest shareholder former CEO Wu Changjiang’s shares in the company, according to a Securities Times report. Wu has a total of 130 million company shares, which is worth about RMB 1.06 billion based on the company stock value of RMB 8.15 as of Sept. 29, 2014.
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2014-09-17

NVC Lighting Internal Conflict Escalates

NVC Lighting’s internal conflict has escalated in recent weeks, even after the company board voted unanimously for ETI CEO Wang Donglei to take over in early August. The transition after the merger of the two companies has been difficult, with disagreements occasionally erupting into violence.
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2014-09-03

Competitors Snatch NVC Lighting Distributors During Company Crisis

Bitter conflicts between NVC Lighting former CEO Wu Changjiang and current CEO Wang Donglei might have come to an end, but another battle front has begun in the Chinese LED industry, according to a report from Chinese-language Yangcheng Evening News Digital Media.
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2014-08-19

NVC Lighting UK Arm Unaffected By Parent Company Boardroom Dispute

Despite suspended production in one of its four major factories, China’s biggest lighting company NVC Lighting’s recent boardroom drama will have limited impact on its UK subsidiary, according to a report by Lighting.
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2014-08-11

NVC Lighting Power Transition after Merge with ETI Gets Ugly

Latest developments in the aftermath of NVC Lighting’s merge with Elec-Tech Technology (ETI) has gotten fairly messy, according to several Chinese media reports.
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Cree announces the commercial availability of the XLamp® XD16 LED, the industry’s first Extreme Density LED, which delivers up to 5 ½ times higher lumen density than Cree’s previous generation of high power LEDs.

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LG Innotek today announced that the company has developed the world's first 100mW (mill watts) UV-C LED. This development is 2 years ahead of the industry forecast that predicted its development would be successful by 2020.

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