Suncake bakery revival mired in problems
The China Post news staffThe China Post news staff--Taiyang Tang Bakery, regarded by many as the original supplier of the popular suncake in Taichung City of Central Taiwan, is now in trouble after reviving business operations for less than one month.
September 3, 2012, 12:24 am TWN
Wei Ming-chung, a man involved in the business venture, said he will file a lawsuit against Taichung City Council member Chuang Nai-hui for breaking a business agreement.
Wei said he was introduced to the senior chefs of the Taiyang Tang Bakery via the family of one of his students, and they agreed to resurrect the famous bakery after the original store owner abruptly shut down the shop on May 13.
In order to raise funds for the business venture, Wei said he invited a friend and Chuang to organize a new firm with NT$6 million in registered capital.
Wei said, however, that Chuang had already instructed her own daughter to complete corporate registration while excluding him as a shareholder.
In response, Chuang said Wei has so far failed to honor his promise to provide his share of NT$2 million in capital.
Since Wei has not provided his share of the capital, Chuang said she was forced to find other shareholders who were more willing to inject investment capital.
It was Wei's right to take the case to court, but the newly opened company has been operating in full compliance with the nation's law, she stressed.
During its heyday, Taiyang Tang Bakery employed 120 workers to produce suncakes, profiting from high sales for several decades.
The store's booming business has attracted many people in Taichung to set up similar suncake shops to meet the needs of domestic clients and tourists from abroad.