Reported about 1 year ago
Recently, the major shareholder Yufan Investment of Fudai Construction, known as the 'small central pinnacle,' had the court ruling that their capital increase was valid, granting them shareholder rights. In preparation for the upcoming shareholders' meeting on June 28, Yufan Investment is planning to nominate 5 directors and 1 supervisor for re-election, aiming to gain support from other shareholders. Despite facing disputes over a capital increase last year amounting to nearly 300 million NTD, the court's recent decision allowed Yufan Investment to exercise its shareholder rights. The company's new team, if elected, plans to push for an IPO, strengthen internal controls and governance, enhance financial structures, and provide better shareholder protection, with the outcome to be determined at the shareholders' meeting.
Source: YAHOO