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Evergreen Marine adopts capital reduction amid renewed succession battle

The scheme, which will reduce the company’s number of shares by 60% and return over $1bn from its equity funds to shareholders, has been approved despite shareholder objection

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The spat over the company’s financial decision is seen as part of the latest round in the succession battle under way at the Taiwanese business empire founded by its late chairman Dr Chang Yung-fa

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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