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Giantplus Technology Chairman Leaves After Toppan Cuts Stake; Shares Drop 10%

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Giantplus Technology (TPE:8105) Chairman Tamura Takayuki has been removed from his position after TOPPAN transferred more than half of the shares it held at the time of his election.

Shares fell 10% in Friday's afternoon trade.

Tamura Takayuki was one of the four representative directors appointed by TOPPAN for Giantplus Technology's board, according to a Friday Taiwan Exchange

The share transfer triggered the automatic discharge of the representative directors, ending Tamura's tenure as chairman.

The company has not named a successor yet.

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