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Sogo

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 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

    • 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。
    • 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。
    • 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。
    Source

  2. 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.

    Source