D-Link was attacked by market factions, Taigang Group seized power of representation |

Netcom giant D-Link recently reported a battle for management rights. Former D-Link executives and the Taigang Group will form an alliance to win seats at the shareholders’ meeting on June 15.

Youxin independent directors Feng Zhongpeng and Zhong Xiangfeng recently released an announcement in the media to convene the interim meeting of Youxun shareholders and plan to remove the post of director of eleventh director Gao Ju Investment, whose representative is the widow. from the founder, who is the current president. Hu Xue. This is also seen as a sign that the market wants to gain management this year.

Currently, Youxun’s market is Youxun Investment Company. Although it’s also called Youxun, it has nothing to do with the company’s operation. It is led primarily by Jin Zhifu Asset Management Company of Taiwan Iron and Steel Group, and the former general manager and independent director of the alliance. High-level related, a cooperatively established company.

D-Link was once Netcom’s largest brand in Taiwan and was once a world leader. It is well known in the market, but it has not worked well in recent years. Since founder Gao Cixuan passed away in 2008, senior staff have continued to fluctuate and change. Frequently, the share price plummeted. After experiencing the financial crisis, the stock price collapsed from as high as 80 yuan and was recently hit by the epidemic. The minimum is only 8.08 yuan, which is only a tenth.

Youxun’s first dream

However, due to the scale of assets in the Youxun account, Youxun currently owns more than 20% of Mingtai’s capital, more assets such as office buildings and cash in the account of more than 3 billion yuan, but the price share has been hovering around 10 yuan, also received The market has noted that Steel Group has quietly acquired its shares in the past two or three years. Although the company faction did not fully receive the news, it did not wake up, it was not until March of this year that it began to increase its weight to defend its management rights. But at the same time, some sources pointed out that the Taigang Group had found the three main powers to make a surprise attack. Youxun may not be able to increase your chips.

While there are also rumors that top D-Link executives and lawyers and consultants have begun to organize defensive wars and may postpone the date of the shareholders’ meeting, it is not easy. In recent years, Taiwan Iron and Steel Group has been attacking the city in the Taiwan stock market. Last year, he also rated Koyo, and he also used to be involved in companies like Taiwan Benzene. The scope of the investment is quite wide. It can be said that he is quite experienced in taking over the board of directors.

Currently, the D-Link official has not yet responded, and Taiwan Iron and Steel President Wang Jiong-fen said the D-Link account has beautiful cash flow and a low stock price. , which is a good objective for financial investment. What’s interesting is that D-Link’s 2019 revenue was in fact just 17 billion yuan, down 0.78 yuan per share. Especially in the last 5 years, there have been losses for 4 years.

Market sources noted that D-Investment Investment Company will nominate 6 directors and 3 independent directors, and plans to capture at least 4 directors. On April 16, the last transfer day of the D shareholders meeting will be the countdown. According to public information, approximately 75% of Youxun’s capital is in the hands of retail investors, and this year some mysterious shareholders have bought around 18,600, which has exceeded Gaoju Investment’s largest shareholder, but currently foreign investors still own almost 14% of the shares. Therefore, the trend of foreign investment will continue to be the key to the dispute over management rights.

(Source of the first image: D-Link)

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