Reported about 1 year ago
During Taiwan Power's 113th annual shareholder meeting held on June 21, small shareholders expressed their anger by cursing, holding up banners, and criticizing the company for not issuing dividends for 19 consecutive years. In response, Chairman Tseng Wen-sheng promised to seriously consider having major shareholders, including the Ministry of Economic Affairs, buy back the shares held by small shareholders. Taiwan Power has been incurring continuous losses due to its obligation to national policies, making it unable to reflect fuel cost increases in electricity prices, resulting in a total accumulated loss of NT$382.6 billion. Various suggestions have been proposed by small shareholders to resolve the issue, such as issuing special dividend-bearing stocks or directly budgeting for dividends. Chairman Tseng also mentioned analyzing and clarifying proposals like share buybacks or conversion to special stocks put forth by the small shareholders during the meeting.
Source: YAHOO