SAIF-backed NVC Lighting hit by internal strife
NVC Lighting Technology Corp, a Hong Kong-listed lighting company backed by SAIF Partners, has been hit by a series of senior executives’ departures and employee strikes. The moves are part of an ongoing conflict between company management and the board and investors.
Liu Shuanglong, general manager of NVC's Zhejiang subsidiary, resigned on August 16, becoming the third senior figure to quit in two days. The other departees were Fengyun Xu, vice president and COO for...
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