Tsann Kuen eventful crisis: 3C Mainland Taiwan frustrated boss arrested - Tsann Kuen - HC Network A

  2004 years of Christmas, the new plant in Zhangzhou in Fujian Tsann Kuen anniversary celebration, Min Tsann Kuen's founder and spiritual leader, Tsann Kuen Industrial Co., Ltd. (registered in Taiwan, hereinafter referred to as "Taiwan Tsann Kuen") and chairman of the board?? Wu Cankun in the review of his 20,000 employees.

And see him two years ago, not much different, Wucan Kun still "rule as emperor"?? Yellow baseball cap, gold shirt, and the rigid straight pants and shoes by hand.

Is, he really aged a lot, wide brim has been obscured not live the ravages of white hair, sharp eyes like a falcon with a little of the inward-looking.

Wu Cankun called on his 20,000 employees, to 590 million U.S. dollars in 2005 sales target advance, he personally led the management team and even the symbolic 5,000-meter sprint, to express to 5 Tsann Kuen factory in Zhangzhou .9 billion target sprint determination.

He loudly repeated numerous times, he said the factory has also appeared in every corner of the famous: even if the destruction of the earth tomorrow, Tsann Kuen still to be planted two grapes, one is research and development, one is education and training and follow the sunflower always toward the sun, always toward the customer, focus on extending the core of this industry to do the expansion.

However, only after less than two weeks, Taiwan, came news of suspected high pressure rival buy low and sell shares on January 3, Kaohsiung in Taiwan, "District Court" to "manipulation of stocks, contrary to Securities and Exchange Law "in the name of Wu Cankun sentenced to 1 year and 6 months imprisonment.

Wu Cankun caught in jail prison Who? Learned, and Wu Cankun court is that the Taiwan Development Corporation Shun, Shun Fat is Taiwan's computer and home appliance channel providers, and Tsann Kuen 3C is very similar to that Tsann Kuen strong competitors in Taiwan.

It is understood that once would like to stake Shun Wu Cankun Development Corporation, dated between 2001 and 5,6, Wu Cankun initiative to Chairman and WU Jin Shun Fat olive branch: the vicious competition between the two companies are negative, hope that the 20 yuan per share of NT shares Shun Fat, but it was WU Jin refused.

Since then, both sides continued to deteriorate. March 17, 2002, Shun Fat 340 million yuan in cash capital increase of NT issuance of new shares. Market rumors Wu Cankun abetting his subordinates, using Tsann Kuen Jih Sun Securities Lutheran branch in the account to 50 million yuan to buy low sell high NT Shun Fat stock, resulting in a sharp drop in stock prices along fat, had to withdraw cash capital increase.

Wu Cankun January 3 said that the judgments received, it will immediately appeal. "Tsann Kuen trading Shun Shun Corporation stock is issued before the company announced the cash capital increase." Tsann Kuen Public Affairs Vice President for Media Relations of Tianzhu Ying said.

Tianzhu Ying through the Shanghai company to the newspaper sent an official statement said: "Investment is the result of self-assessment was access industry information, the proposed company to shun the subject Corporation as a short-term investments, so from 2002 2 27, the company began trading stock Shun Fat, and conform to the Development Corporation is in the March 17, 2002 was a significant message to handle the cash capital increase announcement, therefore, Tsann Kuen Shun Fat Trading stock, simply a short-term investment, not to affect the case of Shun Fat cash capital increase. and Tsann Kuen Shun Fat-related stocks trading circumstances, the reporting and announcement were handled according to law is further proof that the company did not deliberately suppressed Tsann Kuen Shun Fat stock of intent. "

Tianzhu Ying said the guilty verdict against the company deeply regret, the company will receive the verdict in the appeal according to law. In addition, "the current financial Tsann Kuen all normal business operations." But now Tianzhu Ying Wu Cankun not disclosed details of where and whether the jail.

And Min Luo Qingxing the Tsann Kuen secretaries to directorate told reporters, as the Taiwan and Fukien Tsann Kuen Tsann Kuen is different from independent legal entities, thus, B-share listed company's business will not be significantly affected.

"Moreover, this is only the first instance decision, there is no time to draw a conclusion." Luoqing Xing said.

Dignity in Wu Cankun 17 years, up from 700 million yuan to 53 billion yuan, assets of Min Tsann Kuen doubled 757 times, the small household electrical appliances such as irons and grilled device production rank first in the world , and the history of this legendary creator is now bound case of Wu Cankun body.

Fact, no matter in the eyes of peers or the media pen, Wu Cankun has been dignity in the image appear.

1988, the Wu Cankun patchwork of 90 million, to set up Xiamen, Fujian, "Xiamen Tsann Kuen Electric Co., Ltd.", started when only 82 employees, annual turnover of only 60 million.

However, the use of the cheap labor and international market demand for small appliances, Min Tsann Kuen rapidly growing, February 16, 1993, approved by the China Foreign Economic Trade Co., Ltd. reorganized and renamed for "Xiamen Tsann Kuen Industrial Co., Ltd.", and B shares in the year 4000 issue shares to raise funds 177 600 000 Hong Kong dollar, as the mainland's first foreign-owned joint-stock enterprises and the first in the Shenzhen Stock Exchange B-share listed companies in different places.

1951 Wucan Kun was born in Kaohsiung, Taiwan, and graduated from Southern Taiwan Junior College. Despite the net worth of cheap, but Wu Cankun is still a keen interest, he had Southern California University School of Management studies, after the reading of business administration at National Taiwan University EMBA International Institute. Said to have a company meeting in Xiamen, he went straight after the bookstore, buy a few thousand dollars worth of books, playing a small car package back to the company.

However, Wu Cankun a love of learning has brought many troubles to the company, one that still remember the interesting news is: there is a separation of Fujian Tsann Kuen is now the middle class to complain to the reporters, their stay in Taiwan EMBA big time boss (Wu Cankun), often will the classroom management ideas for the transformation of enterprises as a result, the original enterprise business processes have not adjusted, the boss of the test they had to perform, and made employees have a double work of human stem, you miserable.

Wu Cankun family through Hong Kong Fu-Chi Industrial Co., Ltd., the Hong Kong Park development priority

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