Reported 8 months ago
During the recent Taipower (9963) shareholders' meeting, small shareholders raised the issue of Taipower repurchasing shares once more. Taipower spokesperson, Cai Zhimeng, stated that they will further study this proposal as there are many minority shareholders to consider regarding the acquisition cost. Taipower reported a staggering net loss of NT$199.9 billion last year, accumulating total losses reaching NT$382.6 billion. With rising international fuel costs and limited electricity price adjustments causing losses, Taipower aims to break even this year with recent energy price declines and a government subsidy of NT$100 billion. The topic of share repurchase sparked dissatisfaction among minority shareholders, with Cai Zhimeng assuring that they are exploring the matter and will provide updates if any progress is made. Taipower's future plans include transitioning to a net-zero model, enhancing renewable energy integration, implementing carbon capture technology, hydrogen and ammonia energy applications, constructing energy storage systems, and improving power grid resilience. Moreover, Taipower will seek reasonable electricity price adjustments, government budget subsidies, and enhance fuel procurement efficiency.
Source: YAHOO