Taiwan Cement Corp (台灣水泥) yesterday appointed board director Nelson Chang (張安平) as acting chairman after chairman Leslie Koo (辜成允) was admitted to intensive care after falling down a flight of stairs at a Taipei hotel on Saturday.
Chang is Koo’s brother-in-law.
Koo has headed the nation’s largest cement maker since 2003. The company’s board held an extraordinary meeting yesterday at which Chang was also appointed temporary chairman of two Taiwan Cement affiliates — China Synthetic Rubber Corp (CSRC, 中國合成橡膠) and Taiwan Prosperity Chemical Corp (TPCC, 信昌化學工業).
Photo: CNA
“The chairman has been hospitalized and is unable to carry out his duties,” Taiwan Cement said of the board’s decision in a Taiwan Stock Exchange filing.
Koo fell down a flight of stairs at the Regent Taipei (晶華酒店) on Saturday night while attending a wedding banquet. He was taken to Mackay Memorial Hospital at about 9pm, reports said.
Koo was still in hospital, but his condition has been downgraded, the Central News Agency cited the company as saying yesterday.
Koo, 63, is the second son of the late Koo Chen-fu (辜振甫), a former chairman of the Straits Exchange Foundation.
Taiwan Cement reported sales of NT$89.57 billion (US$2.84 billion) last year, down 4.38 percent from the previous year. Net profit in the first three quarters of last year increased 13.63 percent to NT$4.55 billion, or earnings per share of NT$1.23.
Shares of Taiwan Cement closed at NT$34.95 on Friday, up 36.26 percent over the past 12 months, Taiwan Stock Exchange data showed.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Starlux Airlines Co (星宇航空) today unveiled a long-haul network expansion plan at a shareholders’ meeting in Taipei, including direct flights to Barcelona, Spain, and Zurich, Switzerland, as well as a service connecting Taipei, Sydney and New Zealand. Starlux is to become the first Taiwanese carrier to offer non-stop services to the two European cities, while the inaugural oceanic route is expected to expand transit opportunities within the Australia-New Zealand market, Starlux said. Flight services to Chicago, Dallas, Washington and New York are under evaluation, the airline added. Prior to the shareholders’ meeting, the airline earlier this year announced that it would be
Taiwanese prosecutors suspect that three people successfully smuggled at least one shipment of Nvidia Corp artificial intelligence (AI) chips to China after first exporting them to Japan, people familiar with the matter said. The trio was detained last week by the Keelung District Prosecutors’ Office for allegedly falsifying documents related to exports of Super Micro Computer Inc servers containing advanced Nvidia chips, which the US has barred from sale to China without a license from Washington. The move marked Taiwan’s first public crackdown on AI chip diversion after years of pressure from the US to take a more active role in curtailing
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) employee bonuses are likely to grow more than 30 percent this year, in line with the past few years as the company’s profits continue to set new records, an anonymous source cited TSMC chairman C.C. Wei (魏哲家) as saying yesterday. TSMC, the world’s largest contract chipmaker, is committed to taking care of its workers, the source said, citing Wei’s meeting with employees yesterday morning. Wei also expressed gratitude to employees for their contribution to the company’s improving bottom line, the source added. Since 2023, TSMC’s employee bonuses have grown at an annual rate of
RSS