Lin Kuo News Today : Breaking News, Live Updates & Top Stories | Vimarsana

2020/12/17 17:27 Tatung Chairwoman Lin Kuo Wen-yen (center) at Taipei District Court.  Tatung Chairwoman Lin Kuo Wen-yen (center) at Taipei District Court.  (CNA photo) TAIPEI (Taiwan News) — The Taipei District Court ruled on Thursday (Dec. 17) that the chairwoman of Taiwanese home appliance brand Tatung Co. (大同) should be discharged from her position for abusing her power. In a highly controversial shareholders' meeting on June 30, Lin Kuo Wen-yen (林郭文艷), one of the founders of Tatung, retained full contro...

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...