Huizhou NVC introduced international venture to enter the main board market of HKEx in the year

Accelerated march into international lighting market yesterday, "first financial daily" from China's large-scale lighting production enterprises-Huizhou Rays Electric Technology Co., Ltd. (hereinafter referred to as "NVC") learned that NVC has finalized the second half of this year in Hong Kong Stock Exchange motherboard listing financing, at present, NVC is implementing the "Employee Stock options Incentive scheme." NVC deputy general manager Wang Shaoling said NVC's "Employee Stock options Incentive Scheme" will be divided into several stages, is currently underway is the first phase of "executive ownership", is expected to be completed in March this year, the next will be the case to expand the scope of qualified staff. NVC is a professional lighting and electrical installation products manufacturer, since its inception in 1999, NVC sales performance to maintain rapid growth. NVC spokesman Shi Yongjun said that NVC sales growth rate of 80% per annum, 2007 sales have reached 2 billion yuan, this year plans to reach more than 3 billion yuan. NVC has financed 22 million of billions of dollars from the internationally renowned venture capitalist, NVC, who has become the second largest shareholder in the company, and NVC's largest shareholder is Wu Changjiang. Currently, NVC is also negotiating further financing with Swiss banks, Merrill Lynch and other international venture capitalists, Shi Yongjun revealed that NVC has a basic financing deal with an international venture capitalist, and is expected to sign a formal contract with NVC this March. At present, domestic lighting market at home and abroad a lot of brands, which is really called the high-end brand only Philips, GE, Osram and several other brands, however, NVC, Qiang, three-male aurora, OP, etc. after years of market temper growth of the local brand also gradually exerting force. In the recently concluded 2008 Beijing Olympic Games lighting project bidding, in addition to Philips, GE, Panasonic and other foreign brands in the bid, NVC, three-male aurora, TCL and other Chinese local lighting brands also won the bid for different amounts of lighting projects. Reysio won more than 40 million yuan of Olympic lighting project orders, is the most successful project, the largest amount of Chinese local lighting enterprises. NVC currently has 2,700 brand stores in China. Recently, NVC overseas first brand stores in Kuala Lumpur, Malaysia has officially opened, this month 10th, NVC also held a Huizhou headquarters in the "Overseas Dealers meeting", ready to open a large number of independent brand stores in overseas markets, speeding up the international lighting market.