Major Reform in Taiwan's Construction Sector - New Pro-reform Shareholder Team Emerges at 'Fu Tai Engineering' after 40 Years, Unveiling 'Three Major Goals' to Seek Support from All Shareholders

Reported 8 months ago

A large advertisement thanking Chairman Wang Yongqing recently appeared on a street in Taipei's Nangang district, drawing attention to the upcoming new shareholder group at 'Fu Tai Engineering Co., Ltd.', a comprehensive engineering company founded by Taiwan's Formosa Plastics' founder, Mr. Wang Yongqing. The new team, known as the 'Fu Tai Renovation Team', includes prominent figures such as Dai Zhiyi, a director at Cathay Financial Holdings, Yan Zhiyu, the son of the chairman of CTBC Bank, and Sun Zhengqiang, the chairman of an OTC banquet chain. They are actively seeking equity and proxies from all shareholders of Fu Tai Engineering Co., Ltd., with the aim of enhancing competitiveness, establishing a seamless communication platform, and increasing the value of employee qualifications, while hoping for the support of existing employees. The new shareholders will be officially elected at the end of June, signaling a significant change in the company's leadership and direction.

Source: YAHOO

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