Inventec Appliances Corp (
"After stabilizing overseas operations and clients impacted by the charges, the related executives will return to Taiwan by the deadline," company chairman Chang Ching-sung (
He added that company president Daniel Lee (
Chang filed the statement after Inventec Appliances held a meeting in Nanjing, China yesterday with clients to clarify the charges.
Neither Chang nor Lee was in the country last Thursday when prosecutors raided its headquarters in Wugu (
Five individuals -- including spokesman Michael Chen (
The Banciao District Prosecutors' Office said it had already summoned Chang and Lee to return to the country before tomorrow, or else they would be arrested.
Inventec Appliances maintained it was "business as usual," and that Chang and Lee would return.
Chang also said in the statement that Inventec Appliances did not interfere
in the share trading of its high-level executives and their relatives, as it
was a personal matter.
But the company said it respects the probe and is willing to help clear up
any issues with the authorities.
Inventec Appliances is currently the biggest supplier of PHS (Personal
Handy-phone System) handsets in China, with a 30.9 percent market share,
after moving into the market in 2005.
Its shares rose 0.8 percent to close at NT$62.6 on the local bourse
Inventec is the latest in a string of listed companies under investigation
for insider trading, following Veutron Corp (力廣科技), a memory module and
scanner maker under Powerchip group (力晶集團), and BenQ Corp (明基).