It Gets Worse--Now Suppliers Stop Delivering

Most suppliers of NVC Lighting Holding Limited, China's largest maker of lighting products in terms of sales revenue, have stopped delivering goods as its board of directors did not reply to a request regarding management structure.

  • At the meeting, NVC employees, dealers and suppliers demanded Wu return and Schneider Electric, the firm's third-largest shareholder, leave
  • "Before that, more than 100 trucks delivered goods to us daily, but today only 20 came.” 

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