TPPC chairman sets condition for leaving

BOARDROOM BATTLES:Chien Hung-wen is nearing retirement age at Mega Securities, but wants permission to stay as chairman there in return for giving up his post at TPPC

Taipei Times
Date: Feb. 27, 2017
By: Kuo Chia-erh / Staff reporter

Taiwan Pulp and Paper Corp (TPPC, 台灣紙業) chairman Chien Hung-wen (簡鴻文) might relinquish his control of the company in exchange for the Ministry of Finance’s support for his chairmanship at Mega Securities Co (兆豐證券), the Chinese-language Liberty Times (the Taipei Times’ sister newspaper) reported on Friday, citing sources at the ministry.

Chien, the focal point of an intensified boardroom row at the 70-year-old Tainan-based TPPC, filed a request with the ministry on Friday for permission to extend his tenure at the brokerage arm of state-run Mega Financial Holding Co (兆豐金控), the Liberty Times said.

The ministry is a major shareholder of Mega Financial and has the power to appoint head    [FULL  STORY]

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