COVID-hit Taiwan shuts down all shareholder meetings through June

TSMC and Foxconn among companies forced to reschedule by spike in infections

20210520N Taiwan COVID

Soldiers spray disinfectant at Taipei Main Station: Taiwan on Wednesday raised its COVID-19 alert level to three on a four-point scale. © AP

YU NAKAMURA, Nikkei staff writer

TAIPEI -- Taiwanese regulators on Thursday suspended all shareholders meetings of listed companies from May 24 through June 30 in response to a recent jump in coronavirus cases.

The Financial Supervisory Commission's order -- which spans the busiest period for annual meetings -- affects 1,931 companies. Taiwan Semiconductor Manufacturing Co. and Hon Hai Precision Industry, better known as Foxconn, were set to hold general meetings on June 8 and June 23, respectively.

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