Taishan sold the Golden Chicken Mother Family Mart convenience store, which caused dissatisfaction with Longbang, the major shareholder of Taishan, and the two sides continued to control each other.

(schematic diagram, data photo)

[Reporter Wang Yihong/Taipei Report] Regarding the sale of the Golden Chicken Mother convenience store by Taishan, which caused dissatisfaction with Longbang, the major shareholder of Taishan, Longbang listed 4 major points today, saying that Taishan may be involved in hollowing out. Taishan clarified in the evening that it is completely untrue According to the allegations, Taishan did not deceive the investing public or the board of directors in any way.

Taishan said that the sale of investment outside the industry allows the management team to focus more on the operation of the industry and reduce reliance on income from outside the industry. It is a positive decision for the sustainable operation and growth of the company, so it has won the support of the absolute majority of the directors of the board of directors; and the disposal The proceeds can be used for future investment related to the industry.

At the same time, the legal opinion is reported to all directors by the company's legal counsel summary, which is not confidential; after the audit committee's explanation, the legal counsel asked the independent directors whether the summary of the legal opinion and the case of disposing of the investment shares by the board of directors were resolved in the The board of directors is provided to each director without explicit instructions.

In addition, before and at the meetings of the Audit Committee and the Board of Directors, no director indicated that there was a problem of not preparing materials in accordance with regulations.

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Taishan emphasized that the authorization of the board of directors' resolution refers to the lower limit of the transaction price per share, the number of transactions and the period. Disclose the information without any attempt to deceive the investing public or the board of directors.

Earlier, Longbang issued a press release stating that the board of directors of Taishan Company ignored the professional opinions of independent directors on the morning of the 2nd (Friday) and passed a resolution forcefully. Achieving the 8 billion transaction volume mentioned by Lei Songqing, deputy general manager of Taishan Chairman Office, without knowing the transaction person's transaction one by one, and selling it for only 187 yuan.

As the major shareholder of Taishan Company, Longbang said that there are at least 4 major doubts in such a hasty and sloppy handling of the company, and it obviously has the intention of deceiving shareholders and indirectly hollowing out the company.

The four doubtful points pointed out by Longbang are as follows: First, Taishan claimed that the sale of FamilyMart shares would be used to expand production lines and focus on the business, but did not propose any detailed plan to report to the board of directors.

And to whom?

Don't dare to speak clearly?

The transaction amount is as high as billions, not to mention that there are not many transaction partners who are capable of undertaking the transaction. If there is no prior negotiation, it is impossible to have the courage to take over in a hurry?

Second, the so-called "includes the management department's prior consultation with two external lawyers to issue a legal opinion, which has been fully discussed by the audit committee and the board of directors" is completely nonsense. Taishan Company only stated at the board meeting that it had an opinion letter, but it used confidentiality as an excuse Refusing to provide, defrauding directors and the general public!

Did the directors of the Zhan family who agreed to this move already know about it?

Third, the high point of FamilyMart stock this year is 249.0. Why do you have to choose to sell when the stock price of FamilyMart is relatively low?

It also completely violated the resolution of the board of directors last Friday to successively dispose of them at a better price within half a year, disregarding the rights and interests of shareholders, and obviously suspected of breach of trust!

Fourth, is it a transaction with a specific person at all?

In practice, if you want to acquire such a huge amount of shares in a short period of time, even at one time, there will be a considerable premium, and it is even more impossible to discount or lower than the market price. This is common sense in trading!

Based on the annual average stock price of the whole family, plus the premium, it is definitely billions more than the disposal price of 12/5!

However, Taishan Company’s disposition was fast, and the transaction was completed at 9:01 a.m. on the 5th (Monday) after deducting six days of non-transaction. Obviously, it had negotiated the transaction price with a specific person long before the resolution of the board of directors. It was suspected of violating duties and seeking profits The hearts of others are clearly revealed!

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