Reported 9 months ago
During the Taiwan Ship shareholders' meeting on June 26, former naval consultant Guo Xi confronted Chairman Zheng Wenlong, accusing him of losing 3.5 times the capital since taking office and demanding his resignation. Guo also alleged that Zheng promoted a 'mistress' to be the general manager of a subsidiary, causing consecutive huge losses in the company. Both parties exchanged heated arguments, with the situation described as the most intense ever by small shareholders present. Zheng stated that he would sue for all false accusations made against him and the company by Guo.
Source: YAHOO