Sogo controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
2019
Dispute over proposed SOGO acquisition and operating control
Issue disclosure
A dispute arose over a proposed acquisition involving SOGO and the question of whether it would change the department store's operating control. Guo Mingzhong, through a lawyer, disputed Pacific Distribution Investment Co.'s claim that the proposed acquisition would not change SOGO's operating control. Tianyi also said that an allegedly false capital-increase registration had diluted Li Henglong's shareholding. The article reports competing claims about the ownership and control of Pacific Distribution Investment Co.
Source excerpt
郭明忠周三(2日)通过律师予以反驳,根据台湾的刑事判决,这项收购合法有效,他获得的股权是太流公司的主要股权。
本地商人郭明忠计划收购台湾SOGO百货,SOGO的母公司太平洋流通投资股份有限公司(简称太流)周二(1日)发表声明指出,这项交易并不足以让SOGO的经营权有变动。
天义公司周三通过普华商务法律事务所发出声明回应指出,李恒隆的股权只有0.15%,是因为公司有虚伪不实的增资登记,稀释了他的股权。
2000
Sogo debt crisis and bankruptcy
Sogo’s collapse followed extensive borrowing, the decline in Japanese real-estate values and investment decisions associated with former chairman Hiroo Mizushima. The group entered civil rehabilitation and disposed of stores and assets.