 2009-12-01 |
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Reported by Taipei Times
With approval from the Ministry of Economic Affairs, ACHEM (1715) held a shareholder extraordinary meeting yesterday (November 30), achieving an attendance rate of 82.81% and completing the board and supervisory elections. The YC (4306) camp fully took over, winning 5 board seats and 2 supervisory seats, with the votes in favor accounting for 83.33% of the total shares represented. Former chairman of ACHEM, Liao Cheng-Ching, was re-elected as chairman and general manager.
YC Chairman Li Zhi-Xian stated that the group currently holds 40% of ACHEM's shares, with friendly supportive shareholders owning 22.5%. This not only significantly surpasses the more than 20% shareholding of ACHEM's current management but also indicates a bid for operational control with a majority stake. They plan to prepare the necessary documentation regarding shareholding and meetings, and will require the previous board and supervisors to legally hand over responsibilities. They will initiate subsequent legal procedures to complete the company registration changes as soon as possible, otherwise, they will sue the current board and supervisors.
In contrast to the YC camp convening the extraordinary shareholders' meeting, ACHEM's current chairman Li Guang-Hong, former chairman Ye Si-Ying, and current supervisor Mao Tian-Ci attended to express their protest. Li Guang-Hong declared the extraordinary shareholders' meeting of ACHEM invalid and announced plans to file a lawsuit against YC's “counterfeit” management team.
The YC camp indicated that the previous management of ACHEM had previously filed a petition with the Executive Yuan to revoke the extraordinary meeting convened by Fuli Xin Company and Tan Zhao-Lin, which the Executive Yuan confirmed to have dismissed last week. The newly elected board members include Liao Cheng-Ching, Li Li-Zhong, Gui Hang-Bai, Liu Ming-Xin, and Li Qi-Zheng as directors, along with Huang Hong-Quan and Xie Qiang as supervisors.
Li Zhi-Xian emphasized that this extraordinary shareholders' meeting was approved by the Ministry of Economic Affairs, and all proceedings from the convening to every detail were handled legally, with ongoing consultations with the regulatory authorities, ensuring complete legality. Over 1,000 listed companies in Taiwan are closely watching this event, affirming its legitimacy. The plan is for ACHEM to become a subsidiary of YC, with preparations for consolidated revenue reporting starting next year.
(Source: Commercial Times – Reporter Peng Hsuan-Yi, Taipei) |
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