Uni-President (1216) entered the Public Information Observatory this afternoon (4) to release a major message. Regarding the black oil incident in 2012, it has reached a settlement with Ting Hsin Group, and the compensation amount is as high as 170 million yuan. Uniform emphasized that after deducting the court litigation costs and processing costs of related lawsuits, the compensation is planned to be fully invested in public welfare undertakings and public welfare organizations.
In 2012, Ting Hsin Group imported low-quality oil from Vietnam’s Daxingxing Company, refined it into edible oil, and sold it for illegal profits of more than 100 million yuan. Wei Yingchong, the former director of Ting Hsin Group, was jailed three times.
This afternoon, the Chief Financial Officer Chen Guohui issued a heavy announcement. According to the public information observatory, Uni-President, Tongqing Co., Ltd., Uni-President Supershang, etc. jointly reported to Tingxin Oil Industry Co., Ltd. The personnel and others requested compensation for damages and filed a lawsuit with the Changhua District Court. After years of trial, the court advised the two parties to reconcile. The two parties reached a settlement today (4th) with a total compensation amount of NT$170 million. Unity stated that it will be handled in accordance with the court settlement records.
Uniform further explained that since September 1999, it and Tongqing and Uniform Chaoshang have been affected by the oil incident of Tingxin Company, which has caused significant damage to their goodwill and business. He entrusted a lawyer to file a criminal complaint against Ting Hsin Company and related personnel, which is currently under trial in the Criminal Division of the Taichung Branch of the Taiwan High Court.
In addition, regarding the civil compensation incident) Changhua District Court 105 Years Heavy Complaint No. 205), in the 105 years of the Republic of China, a lawyer was entrusted to sue the Changhua District Court against Ting Hsin Company and related personnel for a civil case for damages. It has been tried by the court for many years, but if the trial is to be concluded, it may still take a long time. Therefore, the court advised the two parties to reconcile. After the trial, both parties have the sincerity to put an end to the lawsuit, and the defendants are willing to sincerely fill the company and other co-plaintiffs. the direct damage part and make compensation to apologize,
Uni-President stated that, after referring to the professional legal opinions of the appointed lawyers and taking into account the compensation of physical damages and saving judicial resources, the Company accepted the court’s suggestion and settled the total compensation amount of NT$100 million on August 4, 2011. 70 million yuan to set up a lawsuit to settle. At the same time, according to its previous commitments to the public, Uni-President will allocate all the compensation it has received after deducting court litigation costs and handling costs for related lawsuits, and then plan to invest all of it in public welfare undertakings and public welfare organizations. (Review: Lu Junyi)
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Yahoo Finance correspondent Ye Yiru: 22 years of experience in mainstream financial media, from the bubble of Web 1.0 in 2000 to Web 3.0 of Meta, witnessing the rise and fall of large and small enterprise groups in Taiwan, and going through 5 international financial crises. We think that finance is life and is omnipresent. No matter how difficult the financial knowledge is, we should say it plainly. Whether you are old or young, you should manage your finances.
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