Breaking News, World News and Taiwan News.

Leadership reshuffle imminent at Sanyang Industry Co.

TAIPEI, Taiwan -- A reshuffling in the leadership at Sanyang Industry Co. (三陽) is expected to take place following the company's shareholders' meeting yesterday, with a market-aligned faction poised to oust current executives after taking five of nine board of directors' seats.

Sanyang yesterday held a board of directors' election yesterday, settling a long-entrenched feud between the families of the company's two founders. With the support of investment companies, a market-aligned faction headed by Chang Hong-chia (張宏嘉), a descendent of Sanyang co-founder Chang Kuo-an (張國安) who parted ways with the company in 1986, is poised to retake control of the firm, and poised to diminish the role of current Chairwomen Huang You-mei (黃悠美), a descendant of Sanyang co-founder Huang Ji-jun (黃繼俊).

In addition, the market-aligned faction also managed to secure a seat on the company's supervisory board.

Most notably, shareholders participating in yesterday's event were subjected to stringent security checks, lining up through a maze of barricades set up by Sanyang's current management team. The board of directors' election also saw a lengthy delay, taking about eight exhaustive hours before the final results were announced early yesterday evening.

Chang Hong-chia stated that he intends to collaborate with Huang You-mei in guiding the company.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search