Ting Hsin leaving Taiwan oil market頂新離開台灣油品市場
October 17, 2014, 12:00 am TWN
“I am aware that no matter what actions we take and how hard we try, it is hard for the company to regain its reputation under these circumstances,” said Wei Ying-jiao.
The Wei brothers first bowed and apologized for causing concern among the public and stated that they are willing to face the people on behalf of Ting Hsin.Ruentex Financial Group held a press conference yesterday, with Ting Hsin Chairman Wei Ying-jiao (魏應交) and former Wei Chuan Foods Corporation (味全食品) Chairman Wei Ying-chung (魏應充) in attendance.
TAIPEI, Taiwan -- Ting Hsin International Group (頂新國際集團) announced yesterday afternoon that it will leave Taiwan's oil market and donate NT$3 billion toward food safety under the supervision of a third party — Ruentex Financial Group (潤泰集團) Chairman Samuel Yin (尹衍樑).
He continued by saying that since no one wants to trust them anymore, he would like to invite Yin, who loves Taiwan and has a good reputation, to be the supervisor keeping an eye on Ting Hsin's payments as well as the interim convener in the establishment of a new independent local food safety innovation committee.
Wei also stated that the NT$3 billion donation will go to the government or social welfare organizations working on food safety issues, hoping to recover Taiwan's reputation as a food producer.
In addition, Wei Ying-jiao promised that Ting Hsin will take all necessary responsibility, starting with repaying consumers full refunds based on the requests of local governments and relevant authorities.
Yesterday evening, Wei Ying-chung was summoned by the Changhua District Prosecutors Office for questioning. Prosecutors have already inspected the Wei Chuan headquarters as well as Wei Ying-chung's residence to collect documents and evidence for further inspection. Prosecutors ended the search at 2 p.m. and decided to summon Wei to be questioned in the evening.
Come up with Potential Solution in a Month: Yin
“I am an amateur in the food industry, but I am willing to make some efforts for the food safety issue,” said Yin.
Yin stated that since he is an amateur in the food industry, he will invite experts from various fields to deliberate the issues. He also promised that he will come up with some potential solutions to improve current situation in a month.
As for the question of whether he will take over the operation of Wei Chuan, he said that he had never considered it.
台北，台灣 - 頂新國際集團（頂新國際集團）宣布，昨天下午，這將使台灣的油品市場，並捐出新台幣300十億對食品安全的第三方的監督下 - 潤泰金融集團（潤泰集團）董事長塞繆爾·殷（尹衍梁）。