TAIPEI (TVBS News) — Hotai Leasing (和運租車) held an extraordinary shareholders meeting on Tuesday (Dec. 16) to approve its initial public offering plans and elect a new board of directors. The company aims to list its shares on the Taiwan Stock Exchange, aligning with its growth strategy and talent acquisition goals.
Chairman Liu Yuan-sen (劉源森) emphasized the company's forward-thinking approach. He noted Hotai Leasing's readiness to tackle challenges associated with introducing new car models to Taiwan. Liu also highlighted the company's exploration of equipment services and autonomous driving ventures.
The meeting lasted approximately 36 minutes. Shareholders authorized the new chairman to submit the listing application at an appropriate time. Hotai Leasing plans to issue new shares through a cash capital increase, reserving 10% to 15% for employee subscription, with the remaining shares available to existing shareholders who waive their preemptive rights.
Liu downplayed the impact of tariff changes expected in April, stating that current tariff factors do not affect Hotai Leasing. The election results included Liu Yuan-sen and Nan-Guang Huang (黃南光), chairman of Hotai Motor (和泰車), among the nine directors, including three independent members.
