CTCI Control Dispute Ends; Paochia and Weijing Reach Settlement, Will Jointly Govern
China Engineering Construction (CTCI) announced that its two major shareholders, Paochia Group and Weijing Group, have resolved their management rights dispute through friendly negotiations. Both parties have agreed to jointly participate in corporate governance, prioritizing the company's sustainable growth and shareholder interests.
📋 Article Processing Timeline
- 📰 Published: April 17, 2026 at 19:20
- 🔍 Collected: April 17, 2026 at 19:31 (11 min after Published)
- 🤖 AI Analyzed: April 18, 2026 at 21:31 (25h 59m after Collected)
(Central News Agency Reporter He Xiu-ling, Taipei, April 17) China Engineering Construction (CTCI) announced today that its two major shareholders, Paochia Group and Weijing Group, after mediation by a mutual friend, have completed friendly negotiations and established a direction for joint governance. Both parties have decided to jointly participate in the company's governance, prioritizing the company's sustainable growth and the maximum interests of all shareholders, aiming to inject new momentum into CTCI.
CTCI stated that based on thorough communication and good-faith coordination between the two parties, a consensus has been reached for a harmonious joint nomination in the upcoming board of directors election. It is understood that from the currently submitted three sets of candidate lists, a single, most suitable list will be jointly integrated and nominated for the election.
Sources suggest that out of the 7 board seats, Paochia will secure 4 seats and Weijing Group will take 3, although this has not been confirmed by CTCI.
CTCI explained that this move fully demonstrates the determination of major shareholders to bridge differences and sets a precedent in Taiwan's capital market for prioritizing the overall situation and peacefully negotiating to seek corporate benefits.
CTCI pointed out that in the future, both parties will set aside past disputes and uphold the spirit of integrity, cooperation, and mutual prosperity to assist in the company's operational development. The future management team of CTCI will also stabilize morale and continue to focus on its core business, walking hand-in-hand with the major shareholders. (Editor: Yang Lan-hsuan) 0417115
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CTCI stated that based on thorough communication and good-faith coordination between the two parties, a consensus has been reached for a harmonious joint nomination in the upcoming board of directors election. It is understood that from the currently submitted three sets of candidate lists, a single, most suitable list will be jointly integrated and nominated for the election.
Sources suggest that out of the 7 board seats, Paochia will secure 4 seats and Weijing Group will take 3, although this has not been confirmed by CTCI.
CTCI explained that this move fully demonstrates the determination of major shareholders to bridge differences and sets a precedent in Taiwan's capital market for prioritizing the overall situation and peacefully negotiating to seek corporate benefits.
CTCI pointed out that in the future, both parties will set aside past disputes and uphold the spirit of integrity, cooperation, and mutual prosperity to assist in the company's operational development. The future management team of CTCI will also stabilize morale and continue to focus on its core business, walking hand-in-hand with the major shareholders. (Editor: Yang Lan-hsuan) 0417115
Stand with the facts. Your sponsorship is the power to protect journalistic freedom.
Download the Central News Agency 'One-Stop News' APP for instant updates.
Text, images, and videos on this website may not be reproduced, broadcast, or transmitted without authorization.