1. Date: May 22, 115. 2. Company: Fuxing Investment. 3. Relationship: Equity-method investee. 4. Ownership: 49%. 5. Reason: Fuxing's board previously elected Chen Jian as Chairman to resolve financial reporting issues causing Zhongfu's trading suspension. However, corporate shareholder Zhongfu Integrated Marketing suddenly replaced board members with Huang Li-chung and his associates. Consequently, the plan to resume trading is now stalled. 6. Response: None. 7. Other: Further announcements will be made upon completion.

FACT BOX

  • Source: PR Times
  • Category: Corporate Governance