Debt-ridden compact disc and digi-tal video disc maker Infodisc Technology Co (
The company was placed on restricted share trading in September because of a questionable multi-million dollar cash transaction.
Market watchers were surprised that Yang Kuan-yu (
The Taipei District Court sentenced Lo to four years in prison in September last year after he was convicted of corruption, fraud, forgery and other charges.
At yesterday's meeting, Infodisc officials also explained the European Convertible Bond (ECB) issued by the company, saying that it had redeemed US$170 million worth of ECBs issued in recent years.
Infodisc shocked the market by incurring huge losses in September. Founder and former chairman David Lu (
Infodisc reported a pre-tax loss of NT$7.21 billion, or NT$11.38 per share, for the first three quarters of the year.