Chang Kuo-wei, the former chairman of EVA Air (BR, Taipei Taoyuan), is planning to cut all ties with the Taiwanese carrier and its parent firm, Evergreen Group, following his removal at an extraordinary board meeting earlier this month.
Chang's lawyer told the Taipei Times last week that he was now considering selling off his stake in EVA to his brother, Song Yao-ming, as part of plans to raise capital for what may be a new airline. In addition to his role as chairman, Chang is also a fully-certified Captain at EVA Air.
The brothers and other heirs to the family fortune have been fighting for control of the firm since the death of their father and company founder Chang Yung-fa in January this year.
Chang claims his brothers and his step mother used their overall majority shareholding to remove him during the board meeting. He also claims that the move violates their late father's wish to see him as the successor to the Evergreen Group chairmanship and sole inheritor of his estate.
Photo:Kobayashi - Taiwan
An audit of the Evergreen Group and its subsidiaries has reportedly valued Chang's 11.45% share in the conglomerate at TWD7.74 billion (USD237.3 million).
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