July 20, according to Caihua News Agency, NVC Lighting (02222-HK) announced the results of the investigation, former CEO Wu Changjiang without the consent of the board of directors to Bank of China (03988-HK), ICBC (01398-HK), Minhang (01988-HK) and CCB (00939-HK) entered into 14 pledge guarantee agreements to borrow 640 million yuan (RMB. The same below), of which 550 million yuan has been withdrawn, and the company was also affected by a loan of 80 million yuan. CCB (00939-HK) has frozen more than RMB 51.12 million in accounts. The company estimates that it is only expected to recover 322 million yuan. Wang Donglei, chairman of NVC Lighting, said earlier that after the company completed the investigation announcement, it will apply for the resumption of trading and strive to resume trading in the third quarter.
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