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Chen Hsong (0057): majority shareholder votes Chiang Chi Kin, brother of Chairman, off the board at AGM
Company announcement, 22-Aug-2019
The announcement fails to state whether there is any disagreement between Mr Chiang and other directors and/or other matters to be brought to shareholders' attention. At the time of the annual report, he and his sister Chiang Lai Yuen (Chairman) were directors of the majority shareholder, Chen Hsong Investment Ltd, which is 100% held by Chiangs' Industrial Holdings Ltd, of which Ms Chiang was a director. In turn, this is held by the trustee of the Chiang Chen Industrial Charity Foundation. The 2 siblings were among eligible beneficiaries of the trust via BVI companies that they own.

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