Yesterday, the “First Financial Daily†learned from Huizhou NVC Optoelectronics Technology Co., Ltd. (hereinafter referred to as “NVCâ€), a large-scale lighting product manufacturer in China. NVC has been finalized on the main board of the Hong Kong Stock Exchange in the second half of this year. Financing, at present, NVC is implementing the “Employee Stock Option Incentive Programâ€.
Wang Shaoling, deputy general manager of NVC, said that NVC’s “employee stock option incentive plan†will be divided into several stages. Currently, the first stage is “executive shareholdingâ€, which is expected to be in March this year. Upon completion, the scope of employees eligible to hold shares will be expanded as appropriate.
NVC is a professional manufacturer of lighting appliances and electrical devices. Since its establishment in 1999, NVC sales have maintained rapid growth. NVC spokesman Shi Yongjun said that NVC's sales growth rate is 80% per year. In 2007, sales reached 2 billion yuan, and this year plans to reach more than 3 billion yuan.
NVC has raised $22 million from the internationally renowned venture capitalist, Softbank. Softbank has become the second largest shareholder of NVC, and NVC’s largest shareholder is the company’s founder, Wu Changjiang.
At present, NVC is also negotiating further financing with international venture capitalists such as UBS and Merrill Lynch. Shi Yongjun revealed that NVC has basically negotiated financing with an international venture capitalist. It is expected that NVC will Formally signed.
At present, there are many domestic and foreign brands in the domestic lighting market. Among them, only Philips, GE, Osram and other brands are truly high-end brands. However, NVC, Benbang, Sanxiong Aurora, Op, etc. have grown up after years of market tempering. Local brands are also gradually making efforts.
In the recent bidding for various lighting projects of the 2008 Beijing Olympic Games, in addition to Philips, GE, Panasonic and other foreign brands won the bid, NVC, Sanxiong Aurora, TCL and other Chinese local lighting brands also won the bid for different amounts of lighting projects. NVC has won more than 40 million yuan of Olympic lighting project orders, and is the largest local Chinese lighting company with the largest amount of projects.
NVC currently has 2,700 brand stores in China. Recently, NVC's first overseas brand store has officially opened in Kuala Lumpur, Malaysia. On the 10th of this month, NVC also held an “Overseas Dealer Conference†at Huizhou Headquarters, preparing to open a large number of independent brand stores in overseas markets to accelerate the beach. International lighting
? NVC photoelectric finalized financing in Hong Kong in the second half of 2008-01-15
? Haohao Lighting Nanning launched outdoor advertising (Figure) 2008-01-15
? US GE participated in the municipal engineering transformation of Shantou City, Guangdong Province 2008-01-15
? Xidun Lighting Huizhou City Store officially opened (Photo) 2008-01-10
Huayi Lighting Yunnan Tonghai Store opened grandly (Photo) 2008-01-10
? Zhen Mingli fell 7.4% but the valuation is still attractive 2008-01-10
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