ILLEGAL ACQUISITION: The FSC did not disclose the identities of the investors, who over six months purchased 130 million shares at an estimated cost of NT$2.7 billion
Taipei Times
Date: Oct 14, 2020
By: Kao Shih-ching / Staff reporter
Eastern Broadcasting Co chairman Lin Wen-yuan, tipped to take over as the next chairman of Tatung Co, attends a news conference in Taipei on Sept. 28.
Photo: Liao Chen-huei, Taipei Times
The commission declined to disclose the names of the investors, or whether they are individual or institutional investors.
It only said that they are not from Hong Kong Dragon Peak International Co Ltd (香港龍峰國際), which was fined three times for illegally purchasing Tatung’s shares in 2018 and last year.
The commission found that the Chinese investors provided funds to a non-Chinese individual who opened an account at a financial institution in Singapore and began buying Tatung shares in May last year, Securities and Futures Bureau Deputy Director Kuo Chia-chun (郭佳君) told a news conference in New Taipei City. [FULL STORY]
