Reported about 1 year ago
Yan Yi-cai, the chairman of Taiwan Hwa, was suspected of making illegal profits of 1,944,374 NTD by buying Taiwan Hwa stocks through a nominee account before the announcement of an acquisition by Dahuang Co., Ltd. He was prosecuted for insider trading. Yan Yi-cai was also suspected of leaking information to a friend named Chen who then bought 55 shares of Taiwan Hwa stocks; however, all three involved individuals were not prosecuted due to lack of evidence of substantial suspicion. The High Prosecutors Office found the case to be fully investigated and dismissed the prosecution, confirming no charges against them.
Source: YAHOO