Politics

Tatung Ownership Struggle Comes to an End, but Much Remains Opaque

The Tatung Company ownership struggle has come to a temporary end, with a group of investors led by Wang Kuang-hsiang, the head of the Shanyuan Group and a construction magnate, claiming seven out of nine seats on Tatung’s board of directors last week. After elections, Tatung’s shares rose by 10% in value, a sign of investor confidence in the company. However, much remains opaque about what exactly took place within the company...

KMT Denies Considering Name Change for Party

KMT chair Johnny Chiang rejected suggestions that the party was considering changing its name last week, with signs of a growing internal split in the KMT. Chiang was asked about the issue after the party passed a resolution to seek to reestablish formal diplomatic ties between the ROC and the US. The resolution surprised, because of the KMT’s historical advocacy of unification between Taiwan and China...