The battle for the right to manage Taishan has finally come to an end. The new chairman takes office and will reform

2023-07-21 22:18:12

The battle for the management rights of Taishan has finally come to an end. The new chairman Liu Weilong (left) will lead the new life of the old brand with the new company. (Photo/Provided by Taishan

The change of ownership of the Taishan management right has finally been settled; the change registration of the person in charge of the company’s business operations, such as Zhang Xiaozhang, was approved by the Department of Commerce of the Ministry of Economic Affairs on the 21st. The new company officially launched Taishan Enterprise led by the new chairman Liu Weilong. At the same time, the financial and business operation risks derived from the change of the person in charge were also relieved.

Liu Weilong stated at the shareholder meeting at the end of June that in the future Taishan will actively carry out corporate governance inspections and improvements, strive to build a sustainable physique, overcome various challenges, maintain the original intention of protecting national health and food safety, and create high-quality food. He looks forward to the new team regrouping and giving new life to the 70-year-old company.

In addition to boosting morale, following taking over Taishan, Liu Weilong announced to the outside world that Pai’s previous actions in the old company included the sale of family equity, the acquisition of 40% of Jiekou’s equity, and the distribution of 4 yuan in dividends. It takes a lot of time to reverse the case.

At the end of May, Taishan’s extraordinary shareholder meeting re-elected directors. Longbang, the major shareholder with more than half of the shares, took over the management rights, and then elected Longbang’s chairman Liu Weilong as the new chairman.

Liu Weilong has repeatedly stated that due to the company’s registration changes, the promotion of business is at a loss. In addition to the company’s failure to operate normally, including the difficulty in starting the legal process to recover 3.6 billion yuan from Jiekou Finance, the bank’s financing is also completely blocked, and it may face financial and business crises.

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