Reflection: why the frequency of lighting enterprises explosion earthquake?

The rapid development of the home industry favored by the capital, but the poor capital operation has become the development of enterprises.

When NVC founder Wu Changjiang, Yan Yan, investor Schneider big shareholders of the "War Within Three Kingdoms" or unknown to the occasion, the day before, the same as a listed company FSL has also been exposed by the media concealing related transactions, high-level departure message. Senior industry source said, after another outbreak of high-level changes in the lighting industry caused by capital operation, but reflects the Home Furnishing enterprises in the capital, the pursuit of the expansion to absorb its digestive ability is insufficient, the capital function of "double-edged sword" is Home Furnishing enterprise alert.

High frequency burst

At the end of May 2012, NVC announced that due to personal reasons, Wu Changjiang has resigned as chairman, executive director and chief executive officer of the company, and resigned from the company board of Directors Committee duties, the successor rich Asian fund founding partner Yan Yan as non-executive directors, company competition.

After the announcement, speculation from the parties overwhelming, initially and air Wu Changjiang, as well as the shareholders of the company, Schneider, Yan Yan, but also within a few months of fighting finally torn face. After the decision of the fate of the shareholders of the company under the commercial law, the fate of Wu Changjiang also caused widespread discussion in the industry, the founder of the introduction of capital after the loss of corporate control of the passive situation is sad. So far, Wu Changjiang NVC is still uncertain whether to return.

In early July, NVC has not yet endless internal strife at the time, FSL also broke the high-level changes. Guangdong securities regulatory bureau to FSL and chairman Zhong Xincai issued "administrative regulatory measures decision", pointed out that FSL's 2009 annual report, 2010 report and annual report, 2011 report and the annual report did not disclose and Foshan knoch California Electric Appliance Co. Ltd., Foshan silangbo Enterprise Co. Ltd relationship and related transactions.

Then, the board of directors of the company Joerg ThaELe and independent director Zhang Haixia to have personal reasons for resignation of directors, independent directors. Some media reports said there has been a contradiction between FSL's largest shareholder and management. So for FSL's concealing related transactions, there is speculation that large shareholders to report the results of the event processing is only the company chairman Zhong Xincai who bear responsibility. But there are still questioned the outside world that the company's independent directors also need to bear the corresponding responsibility.

Capital intervention is good or bad?

Within a few months, the two major lighting listed companies after a series of high-level unrest, and even shake the regulatory authorities, is a coincidence or the industry due to particularity? In this regard, Chen Yansheng, chairman of the China Lighting Electrical Association, said the two events in the lighting industry after another outbreak is just an accidental phenomenon, does not have universal significance, other industries also have the same problem. He beautiful home lighting Plaza general manager Su Hongmei also believes that other industries also had a similar problem, the lighting industry of large enterprises happened, after all is Home Furnishing enterprise capital operation level.

The rapid development of the domestic industry, in the past two years ushered in the listing tide. Sophia wardrobe, natural flooring, Del Home Furnishing and other brands have successfully landed on the stock market, the future of many more enterprises to introduce capital eager for a fight. In May 8th, Dongyirisheng smoothly audit by the Commission, the date of listing is in sight. Meikailong chairman Che Jianxin also said that enterprises are actively listed in the plan. But the reality shows that the rapid expansion of domestic enterprises in financing, while also taking on the high risk of capital.

Beijing Market Association Home Furnishing branch secretary Liu Chen said, the negative news broke the Home Furnishing industry listed companies, listed companies financing will also give a reminder that enterprises must carefully and comprehensively consider their own capital regeneration ability, management ability, innovation ability to cope with the pressure of capital.

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