Reported 7 months ago
New Kinpo Gold (2888) involved in a scandal, former Chairman Wu Dongjin released on bail of 100 million, Legislator Lin Chuyin stated in the Legislative Yuan this morning that 'it's really happening'! She requested the FSC to thoroughly investigate whether Wu Dongjin also interfered with other New Kinpo subsidiaries and closely monitor the 12.5 billion capital increase case to prevent financial stability impact. FSC Chairman Peng Chin-lung responded that this scandal is 'the personal behavior of the major shareholder (Wu Dongjin)', separate from the capital increase case, and will handle the capital increase case by the end of June.
Source: YAHOO