The succession war at Evergreen Group might end soon as Chang Kuo-wei, the youngest son of the late Evergreen chairman Chang Yung-fa, showed his willingness to sell his entire stake in the family business after he was removed from the board of Evergreen Marine Corporation on Friday.
One week earlier, Chang Kuo-wei was removed from the chairman post of EVA Airways. Chang Kuo-wei’s seat in the board will be filled by Hsieh Huey-chuan.
Chang Kuo-wei declared he was taking over as chairman of the group in February as Chang Yung-fa made him the sole heir to his assets in the will. However, Chang Kuo-wei’s three older half brothers, from an earlier marriage, have used their combined voting power and dissolved the chairman position of the group.
Chang Kuo-wei said through his lawyer that he was no longer seeking control of Evergreen Group and hoped to start his own business instead. He is also willing to sell his entire stake in the family enterprises to his older brothers to make a clean break.
According to Chang Kuo-wei’s lawyer Daniel Song, Chang’s brothers said he could still work as a pilot for EVA Airways, however Chang was not considering the offer.
