Reported 12 months ago
On July 1, 2024, at 5:07 am, New SinoPac held an extraordinary board meeting with Wei Po-sheng, chairman of Sinolife, taking over as the new chairman. Due to health reasons, former chairman Chen Huai-chou of SinoPac resigned last Friday, effective starting July 1. The board meeting appointed Wei Po-sheng as chairman to fulfill commitments to regulators by completing a NT$12.5 billion cash increase and reinforcing capital structures by investing in subsidiary Sinolife, aiming to achieve the required capital adequacy ratio.
Source: YAHOO