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High-speed rail company changes guard

Source: Taiwan News

Taipei : Taiwan | 2 months ago

0 0

At an extraordinary board meeting, Ing said she would step down, while Ou also offered to resign as the CEO of the high speed rail company, which has been weighed down financially by heavy interest payments and other non-operating expenses. Ou, a former deputy mayor of Taipei, attended the meeting in...

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News Stories

China Post: Gov't to run high speed rail without taking over THSRC

News Source: Uinta County News | 2 months ago

Both stressed that the government will ensure the smooth daily operations of the high-speed rail so that the interests of passengers will not be compromised...Premier Wu Den-yih was quoted as having said in the meeting that the high-speed rail system,...
China Post: Major shareholders unwilling to invest more in THSRC

News Source: Androscoggin News | 2 months ago

Nita Ing and chief executive officer Ou Chin-der are expected to tender their resignations, after which Ou is likely to be elected as the new chairman of the company. This suggests that the government will take over the management of the financially-...
Taiwan puts official in charge of debt-ridden high speed rail firm

News Source: Channel NewsAsia | 2 months ago

Taiwan's government Tuesday put an official in charge of the company that runs a high-speed rail link between its two largest cities, signalling growing concern about the massively indebted enterprise. Ou Chin-Der, chief executive of Taiwan High-...
Government may take over debt-ridden high speed rail company

News Source: Taiwan News | 2 months ago

Taipei, Sept.20 (CNA) Premier Wu Den-yih stopped short of denying media reports Sunday that the government may soon take over the country's only high-speed rail company which has been deep in debt...Chairwoman Nita Ing may resign later this week to...
Government will not take over high speed rail: official

News Source: Taiwan News | 2 months ago

Taipei, Sept. 20 (CNA) The government will not take over the Taiwan High Speed Rail Corp. or increase its investment in the operation, a traffic official said Sunday. However, Yeh Kuang-shih, political deputy minister of transportation and...
China Post: HSR TO BE BAILED OUT

News Source: Androscoggin News | 2 months ago

There are five institutional investors, including Continental Engineering, which owns a 20 percent share of the stock. The rest of the shares would be subscribed to by individual investors. But the government had to infuse capital after construction...