The government is expected to secure a majority of board seats in Hua Nan Financial Holdings Co's (華南金控) shareholder meeting today, with chairman Lin Ming-cheng (林明成) -- who represents private shareholders -- staying at his post, the Ministry of Finance said yesterday.
The government controls 33.88 percent of shares in Hua Nan via other state-run banks. Together with the proxy votes it has secured over the past month, the government will have 38 percent of shareholder support at the meeting.
In comparison, Hua Nan's largest private shareholders, led by Lin, will have 46 percent of shareholder support, including 29.7 percent of stock holdings.
But for the sake of harmony between public and private shareholders, Lin's team agreed to give one to two board seats to the government, the result of negotiations that finished yesterday afternoon, Minister of Finance Ho Chih-chin (
The government will obtain eight board seats and three supervisor slots, Ho said.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
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