Tatung chairman, president quitSUBSTANTIAL ASSETS: After 20 years with no dividend payments, Wang Kuang-hsiang said ‘Tatung shareholders are like paupers sitting in a house made of gold’By Angelica Oung / Staff reporterTatung Co (大同) chairman Lu Ming-kuang (盧明光) and president Chaney Ho (何春盛) yesterday announced their resignations, adding further uncertainty at the troubled conglomerate which has undergone several changes to its management team since last year. Tatung Co chairman Lu Ming-kuang, left, speaks at a news conference in Taipei yesterday, as director Wang Kuang-hsiang looks on. Photo: CNALu came out of retirement to take over as chairman in December last year after his predecessor, Lin Wen-yuan (林文淵), stepped down from the position after 50 days in office amid a disagreement with major shareholder Shanyuan Group (三圓建設) chairman Wang Kuang-hsiang (王光祥). There are rumors that Wang is likely to take over as Tatung chairman when the company holds a board meeting on Tuesday next week. “Chairman Lu was hardworking and conscientious, but it’s been 20 years since Tatung paid a dividend, we will not let our investors wait another five.”Chung Yi-wen (鍾依文), who made way for Ho in June, is expected to return as president.

Source: Taipei Times December 14, 2021 00:58 UTC