Taishan sells the family's shareholding. Longbang said that this move will damage the goodwill and does not rule out raising it.

(schematic diagram, data photo)

[Reporter Wang Yihong/Taipei Report] Taishan (1218) issued a press conference on the evening of today (5th), confirming that it has completely disposed of the shares of Family Mart. After the golden hen of the Family Mart convenience store left, Longbang International issued a press release at night stating, This move has seriously damaged the company's goodwill, caused indelible damage to corporate governance, and ignored the rights and interests of the majority of shareholders.

As a major shareholder, Longbang will file a complaint with the competent authority through formal channels and plan to file a lawsuit in accordance with the law.

Longbang International pointed out that it has always aimed to stabilize Taishan's operating system and assist the company's long-term development, and it has been the company's consistent position to continue to buy Taishan stocks.

With regard to the Taishan board of directors' resolution to dispose of most of the family shares held by it, there was neither a detailed evaluation in advance nor a detailed explanation in the board of directors.

In addition, because it violates the company law that must pass the resolution of the shareholders' meeting, it will cause great harm to the company's operation. Independent director Du Yingda has expressed his objection. The representative director of Longbang also strongly opposed it in the meeting. However, the board of directors still made an illegal resolution. Pass such invalid motions.

In order to protect the rights and interests of all shareholders of Taishan Company, Longbang even sent a letter to the company and all directors today (5th) stating that the resolutions of the board of directors are invalid according to the law, but such a regrettable incident still occurs. Longbang will take all legal procedures to sue the relevant persons, etc. legal liability.

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Longbang pointed out that, not to mention the fact that Family Mart shares, which were originally announced in the board meeting on Monday, would be sold favorably within half a year, but within less than 72 hours, a press conference was held and informed of the disposal of FamilyMart shares. It ended hastily in 90 seconds, and did not accept any questions from reporters. Whether it was the transaction partner or the punishment stated in the board of directors, it was completely different from the board of directors. It was a blatant deception of the board of directors. Taishan Company's move also disregarded the rights and interests of all shareholders.

The perfunctory bad attitude, even ignoring the questions of reporters representing the general public, shows the arrogance of Taishan Company.

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