Tatung appoints new chairmanSTRATEGY: Lu Ming-kuang, who last worked for the firm in 1972, said that he aims to pay shareholders a dividend next year and have revenues total NT$100bn in five yearsBy Angelica Oung / Staff reporterTatung Co (大同) yesterday appointed Lu Ming-kuang (盧明光), former chairman of Sino-American Silicon Products Inc (中美晶), as its new chairman, following the surprise dismissal of outgoing chairman Lin Wen-yuan (林文淵) on Tuesday. New Tatung Co chairman Lu Ming-kuang, center, speaks at a news conference in Taipei yesterday, as Wang Kuang-hsiang, the company’s major shareholder, left, and new president Chung Yi-wen look on. Photo: George Tsorng, Taipei TimesLu, dubbed the “King of Acquisitions,” last worked at Tatung in 1972 as a purchasing head. For years the company was embroiled in boardroom drama as the “company faction” led by former chairwoman Lin Kuo Wen-yen (林郭文艷) wrestled with the “market faction” led by Shanyuan Group (三圓建設) chairman Wang Kuang-hsiang (王光祥). “There are many business practices at Hon Hai that helped us reward high-performing employees and are worthy of consideration, but I am not turning Tatung into Hon Hai, I’m going to optimize Tatung,” he said.

Source: Taipei Times December 23, 2020 15:56 UTC