According to the report of Liberty Times, the investigation team is interrogating nine people. (Chris Ratcliffe/Bloomberg)
key takeaways:
- Taipei prosecutors and the Bureau of Investigation searched the premises of Evergreen Marine Corp. on July 6 as part of a suspected insider trading investigation.
- The investigation relates to a related-party transaction due in 2023, worth NT$13.35 billion or $417 million, the United Daily News reported.
- Evergreen Marine said it is cooperating with authorities and there has been no significant impact on business operations, according to a stock exchange filing.
According to multiple media reports, Taipei Prosecutors and the Bureau of Investigation searched the premises of Evergreen Marine Corp. on July 6 as part of an investigation into suspected insider trading.
Liberty Times reported that nine individuals were being questioned by the investigation team, without identifying the source of its information. The newspaper said several search groups were dispatched.
According to a stock exchange filing, Evergreen Marine confirmed that authorities have searched its premises, the company is cooperating fully with the investigation and there has been no significant impact on its business operations. The company declined to immediately comment when first contacted by Bloomberg.
The United Daily News reported that multiple locations were searched, including the homes of family members of some people associated with Evergreen Marine. The investigation relates to a related-party transaction announced in 2023, valued at NT$13.35 billion ($417 million).
Evergreen Marine shares closed 0.3% higher on July 6, compared with a 0.5% decline in Taiwan’s benchmark stock index.
Evergreen Marine is ranked 25th on Transport Topics’ Top 50 list of the largest global freight companies.
