Taiwan Business TOPICS
Tatung is a household name in Taiwan and was a major player in the
country’s industrial rise. Yet this century-old enterprise has fallen on hard times, its property the only remaining asset of value. What caused Tatung’s downfall, and will it be able to rise again?
It only took a couple of hours for the Lin family to lose management control of Tatung, a company it had stewarded for over a century.
On the morning of October 21, a group of activist investors known as the “market faction” scored a decisive victory at an extraordinary shareholders meeting, where their members were elected to seven of the nine seats on the company’s board of directors.