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.