Reorganization of a Taiwanese Corporate Icon - Taiwan Business TOPICS
Taiwan Business TOPICS Tatung is a household name in Taiwan and was a major player in the country’s industrial rise. Yet this century-old enterprise has fallen on hard times, its property the only remaining asset of value. What caused Tatung’s downfall, and will it be able to rise again? It only took a couple of hours for the Lin family to lose management control of Tatung, a company it had stewarded for over a century. On the morning of October 21, a group of activist investors known as the “market faction” scored a decisive victory at an extraordinary shareholders meeting, where the...
Source: amcham.com.tw