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Taishan Announces Change of Management and Future Plans

Taishan, whose management is changing (1218-TW) issued a press release on the evening of this (21st) stating that Taishan received the approval of the Department of Commerce of the Ministry of Economic Affairs to register the change of person in charge today, and officially launched Taishan led by Chairman Liu Weilong.

Taishan pointed out that in the future, Taishan will actively carry out corporate governance inspection and improvement, strive to build a sustainable physique, overcome various challenges, maintain the original intention of protecting national health and food safety, and create high-quality food. It is expected that the new team will regroup and give new life to the 70-year-old company.

Taishan completed the re-election at the end of May, with a new team in charge and Liu Weilong as the chairman. However, the competent authority has not yet approved the registration of all legal changes in the person in charge of the company until today.

Taishan’s new team previously pointed out that the previous competent authority had not approved Taishan’s application for change, which was not conducive to the promotion of Taishan’s business. At the same time, it was difficult to start the legal process including recovering 3.6 billion yuan from Jiekou Finance, and the bank’s financing was completely blocked.

Taishan’s revenue in the first quarter of 2023 is 2.65 billion yuan, with a gross profit margin of 10.98%, an after-tax loss of 69.95 million yuan, and a loss per share of 0.14 yuan.

2023-07-21 13:55:34
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