Longbang Group announced today that it will continue to buy shares in Taishan, and its shareholding in Taishan has increased to 42.16%.

(Taken from the official website of Longbang Group)

[Reporter Yang Yamin/Taipei Report] The dispute over the management rights of Taishan (1218) is raging. The market leader Longbang Group announced today that it will continue to buy shares in Taishan. The shareholding in Taishan has increased to 42.16%. The battle for management rights.

Longbang announced today that its subsidiary Baosheng Investment will spend another 313 million yuan from August 24 to November 28. At an average price of 36.91 yuan per share, it will purchase 8,504 shares of Taishan, and the cumulative shareholding of Baosheng Investment in Taishan will reach 9.8%. .

In addition, the parent company Longbang holds 32.36% of the shares. In total, Longbang Group holds more than 40% of Taishan's shares, occupying an absolute advantage in equity.

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In December last year, Taishan held an extraordinary meeting of shareholders to re-election of directors, and elected 6 general directors and 3 independent directors. The market sent Longbang (2514) to win 2 directors and 1 independent director, setting a record for the first time in Taishan's 72 years. Family members serve as general directors, and the company faction and the market faction reach a consensus on "co-governance".

Although the company faction and the market party emphasize co-governance, the market group Longbang continues to increase its purchases of Taishan stocks. Longbang and its subsidiary Baosheng Investment hold Taishan's equity. It seems that the Taishan company faction will have a tough battle. It seems that The Taishan company faction will have a tough battle to fight.

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