Reported about 1 year ago
At the shareholders' meeting held by the well-established state-owned steel company Tang Rong, Yieh Loong Group, the largest private shareholder, only secured 4 out of the 11 director seats, one less than the previous term. This resulted in the state-controlled shares winning 7 seats, breaking the previous 6:5 distribution against Yieh Loong. As the new board members are elected, the anticipation is high for the appointment of the new chairman, with the current speculation leaning towards the state-appointed representative Zhao Jianzai.
Source: YAHOO