Koh Chuan-bin Takes Over Kwang Yang's Chairmanship Amid Family Power Shift

Koh Chuan-bin has recently garnered support from nearly half of the shareholders to become the chairman of Kwang Yang, promising to lead the company towards recovery based on performance. The ownership of Kwang Yang has undergone significant changes, with the second-largest shareholder and CEO, Koh Chuan-bin, forming an alliance with the third and fourth-largest shareholders to gain majority support for the board, while former chairman Koh Sheng-feng transitions to an executive director role.
Despite the company's announcement that the power struggle has settled peacefully following the board’s establishment, Koh Sheng-feng publicly revealed the discord within the founding families before the shareholder meeting, shocking the market. In an interview, Koh Chuan-bin emphasized his commitment to collaborating with professional managers, prioritizing the morale of the supply chain, and simultaneously advancing both gasoline and electric scooters to reclaim the market leadership.
Faced with fierce market competition, Koh Chuan-bin must quickly demonstrate satisfactory results to alleviate tensions among shareholders and safeguard Kwang Yang's future.