Reported about 1 year ago
Oceanic Beverages Co., Inc., the manufacturer of Apple Sidra, is striving to overcome financial difficulties in Taiwan. Despite losses surpassing half of its capital, the company has resumed production and restocked products to continue operations. Concerns raised by auditors regarding the company's ability to sustain have prompted the threat of potential delisting by 2026 if conditions do not improve. The recent shareholders' meeting had low participation, and the company addressed allegations of unpaid salaries, assuring that all back wages have been settled.
Source: YAHOO