Wu Changjiang’s 1.3 billion yuan is waiting to be frozen

At noon on April 20, Dehao Runda issued a notice saying that the company’s shares held by Wu Changjiang, a shareholder holding more than 5% of the company’s shares, were frozen by the Chongqing No. 1 Intermediate People’s Court and Chongqing’s Fifth Intermediate People’s Court. The waiting period is 36 months.

Waiting for the freeze refers to the registered property that has been frozen by other enforcement courts, and the enforcement court may wait for the freeze registration. If the freeze is released, the registration waiting for the first stop will automatically take effect.

Dehao Runda said that Wu Changjiang holds 130 million shares of the company, with a shareholding ratio of 9.31%. According to the closing price of Dehao Runda on April 20 at 10.32 yuan per share, Wu Changjiang was waiting for the frozen shares worth 1.34 billion yuan.

Previously, the shares of Dehao Runda held by Wu Changjiang had been frozen by several courts.

Wu Changjiang, former president of NVC Lighting Holdings Co., Ltd., founded Huizhou NVC Lighting Co., Ltd. in 1998. He has won such honors as "China's outstanding private entrepreneurs". NVC Lighting announced the removal of CEO Wu Changjiang on the evening of August 8, 2014.

On January 5, 2015, according to media reports, Wu Changjiang was officially transferred to the Huizhou Municipal People's Procuratorate for approval for arrest on the afternoon of January 4 due to alleged misappropriation of funds.

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