Chi Mei Optoelectronics (CMO) made an announcement yesterday in response to the May 31 commentary of the People’s Daily that Hsu, Wen-long, chairman of CMO, is among the Taiwanese businessmen that the China government does not welcome as an investor.
Hsu’s political stance does not affect CMO’s neutral position in the industry, the company said. CMO has close ties with companies in China and hopes to see further interactions from across the strait.
CMO’s LCD module (LCM) investment plan in Ningbo, Zhejiang Province, will proceed as planned, the company asserted.
The closing price of CMO’s stock on the Taiwan Stock Exchange (TSE) fell from NT$72 on May 28 to NT$60.5 on June 2.
Hsu, Wen-long will resign as CMO’s chairman in June 15 but will remain as chairman of the Chi Mei group, the company said.
CMO chairman Hsu, Wen-long
Photo: company
Article translated by Carrie Yu and edited by Michael McManus
