Case Background

Zhang Guohua, the eldest ‌son of Evergreen Group founder Zhang Rongfa, has ⁢filed a breach of trust case against his brother Zhang Guoyi and the executor of their father’s⁣ will.

Evergreen ​shareholders believe​ that Zhang Guoming, the second son of‌ Zhang Rongfa,⁤ was elected as the‌ permanent chairman of Panama⁣ Evergreen Company, but Zhang Guohua is suspected of controlling the company and has been involved in⁤ three company equity and one real estate transactions with Evergreen Shipping, amounting to about 300 billion.

Evergreen⁣ shareholders ⁣have filed multiple criminal charges with‌ the Taipei⁣ District Prosecutor’s⁤ Office, accusing Zhang⁤ Guohua, Evergreen Marine board members, and others of violating securities and⁣ exchange laws.

Response from Zhang Guohua

Zhang Guohua has stated that he bought stocks ‍in a huge after-hours⁢ transaction on Evergreen Marine’s ex-dividend date of June​ 30‌ last ​year and had ‍no plans to sell them, ​as declared ⁣by law.

He also⁢ claimed ⁢that there was no⁤ insider trading and no profit.

Will Dispute

Zhang Rongfa left a ⁢will ⁤in ​the‍ 105th year of the Republic⁣ of China, which included deposits, ‌stocks, and real estate, with only‍ his fourth son Zhang Guoyi receiving more than NT$14 billion.

Zhang Guozheng, the ‍third son of⁣ Zhang Rongfa,‌ filed a ‌court case to confirm the invalidity of the will, but the Supreme Court ruled that the⁣ will was valid‍ and ​valid in August ‍this year.

Investigation

Zhang Guoyi has filed a ​breach​ of trust lawsuit against Zhang Guohua​ and the four executors, alleging that they violated Zhang Rongfa’s will and failed to fulfill​ their duties.

The Beijing Procuratorate has assigned⁢ the case to the Procuratorate’s Black ‍Money​ Team for investigation.