Suppliers Stop Deliveries to NVC Lighting

(Beijing) – Most suppliers of NVC Lighting Holding Ltd. have stopped delivering goods because its board of directors did not reply to a request regarding management structure.

The suppliers had wanted Wu Changjiang to return as chairman and Schneider Electric to leave the management team.

The battle between the founder of the firm and its investors has been closely watched in China. Some investors have claimed weak corporate governance and hinted at financial irregularities under Wu, who had resigned. Workers who want Wu to return went on strike for one day.