In late March, Taisun Industrial announced its acquisition of 33.25% of Taisun Green Energy’s equity. However, recently, some shareholders have accused Taisun of concealing assets and acquiring shares at undervalued prices, while also disregarding corporate bylaws regarding the shareholder meeting.

In response, Taisun stated today that the acquisition price was based on a third-party professional evaluation and has been approved by the company’s audit committee and board of directors. The assessed value of the equity was determined to be between 6,486,000 and 16,116,000 NT dollars, with the final transaction price set at 0.917 NT dollars per share.

Additionally, Taisun clarified the allegations regarding potential profits, stating that certain undeveloped land constrained by volume control regulations cannot be developed, thus the alleged potential profits are not factual. The company also announced the cancellation of the shareholder meeting originally scheduled for May 5, to provide all shareholders ample time to review the proposals.