Taipei prosecutors indicted Wu Tsann-kuen (吳燦坤), founder and chairman of the Tsann Kuen Enterprise Co (3C,
In addition to Wu, Taipei Prosecutor Chu Ying-hsiang (朱應翔) also indicted five other Tsann Kuen employees and stock brokers for helping Wu illegally sell shares in a Tsann Kuen unit. Chu did not suggest any sentence for the men in his indictment.
"Wu insisted that he did not know about the crime during previous interrogations. But we decided not to accept his argument since he is supposed to take the responsibility as a head of the company," said Lin Bang-liang (林邦樑), spokesman of the Taipei District Prosecutors Office.
Wu felt sorry about the indictment but he insisted that he was innocent, Tsann Kuen vice president and spokesman Tien Chu-ying (
"Judges will eventually prove [him] innocent during trial," Tien said on Wu's behalf.
Tsann Kuen was probed by prosecutors for selling its US over-the-counter stocks, registered under the name of Eupa International Inc (燦坤美國國際公司), to Taiwanese investors three years ago. To raise investor interest in the stocks, the company had claimed that Eupa would be upgraded to trade on the NASDAQ market, a move that allegedly helped raise around NT$100 million for the company. The upgrade never happened and more than 35 investors accused Tsann Kuen for cheating as Eupa share prices has dropped to around US$0.10 per share from the US$8 to US$10 per share they paid three years ago.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day