Recently, Shenzhen Kangmou Industrial Company was restructured from a state-owned enterprise 20 years ago. The company implemented an employee stock ownership plan in its early years, with the internal trade union committee representing employees to hold shares, and the remaining shares were subscribed and held by the company's chairman. In recent years, due to the effective management of the company, its performance has continuously improved and its benefits have been abundant. Subsequently, some small shareholders within the company attempted to compete for control in order to gain benefits, and thus used various means to attempt to dismiss the chairman, even resorting to disciplinary charges, criminal investigations, and other means. Taking advantage of loopholes in the company's articles of association design, they intend to activate the board of directors and shareholders' meeting,
Read More →