Jul 13, 2012 07:01 PM

Battle Between Founder, Investors Closes Lighting Firm

By staff reporters Fu Yanyan, Qu Yunxu and Hong Kong correspondent Wang Duan

NVC Founder Wu Changjiang

(Huizhou) – A battle between the founder of industry leader NVC Lighting Holding Ltd. and shareholders has spilled over into strike that has closed the company since July 13.

Workers at plants in Huizhou, Guangdong Province and in Wangzhou, Chongqing are demanding the return of the company founder, Wu Changjiang, who recently resigned as CEO and chairman. On the same day, 36 regional distribution centers stopped taking products from NVC.

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