Reported 7 months ago
As Taiwan Salt Corporation restructured to invest in the booming fishery-electricity integration platform services, Taiwan Green Energy, a subsidiary, suffered significant losses due to mismanagement leading to undisclosed losses, stalled projects, and internal corruption. With top officials from Taiwan Salt Corporation controlling the board, the green energy industry faced setbacks causing substantial financial losses. Amid ongoing investigations and legal actions against former executives, the mismanagement has led to grave consequences for the government-promoted green energy sector, with Taiwan Green Energy struggling to recover from substantial financial losses.
Source: YAHOO