
Yesterday the offices of the Taipei headquarters of the company of
Evergreen Marine Corporation were searched
as part of an investigation for insider trading conducted by the
Taipei District Prosecutor's Office, which also resulted in the
Search of ten other company offices and homes
of nine suspects, including board member Chang
Kuo-Hua. The latter was summoned yesterday to be
questioned and was released this morning after paying
a bond of 120 million Taiwanese dollars (3.7 million
US dollars). Chang is the eldest son of Chang Yung-fa,
founder of the company that established Evergreen, the first
September 1968.
The investigation involving Chang Kuo-Hua is aimed at
ascertain whether Chang made illicit profits in 2023
to 2.1 billion Taiwanese dollars by purchasing shares in
Evergreen Marine Corporation shortly before the company
announced the sale of shares in Eva Air, the airline
Evergreen Group, during a period when such a sale would be
been illegal.
In a communication to the Taiwan Stock Exchange, Evergreen
confirmed the searches and investigations by employees of the
Ministry of Justice and specified that the company is
operating normally and that this incident does not have a significant
impact on the company's financial position or its
commercial activities.