Reported about 1 year ago
Taiwan Power Company held its annual shareholder meeting on June 21, 2024, proposing to self-support electricity price discounts after losing a total of 382.6 billion yuan until last year. They aim to save 4.2 billion yuan in costs annually after reclaiming subsidies. The chairman promised to submit buy-back proposals to the Ministry of Economic Affairs in July to address the demands of minority shareholders who have not received dividends for 19 years. Taiwan Power Company's largest shareholder is the Ministry of Economic Affairs, holding nearly 96% of the shares, with other public financial institutions holding 3.46%, and individual minority shareholders possessing 0.56%.
Source: YAHOO