To everyone's surprise, despite being the major shareholder of Taishan Enterprises, the Funeral King lost the battle. It turned out that it was this rich man who invested in the "Golden Hen" and lost it, causing the major shareholder, the Funeral King, to complain angrily.

Category：hotcomm

2025-10-10

The legal battle over the management rights of Taishan, a long-established Taiwanese food factory, is still ongoing, but the outside world is more concerned about Taishan’s sale of about 20% of ’s equity in FamilyMart convenience store . This triggered a war to grab FamilyMart, and a mysterious buyer surfaced!

To everyone's surprise, despite being the major shareholder of Taishan Enterprises, the Funeral King lost the battle. It turned out that it was this rich man who invested in the "Golden Chicken Mother" and lost it, causing the major shareholder, the Funeral King, to complain angrily.

A mysterious buyer surfaced, did the funeral king lose?

Longbang Chairman Liu Weilong

The battle to grab the equity of FamilyMart convenience store may be decided immediately. Although he is the major shareholder of Taishan Enterprises, Longbang, the funeral king, lost. It turns out that this rich man took action and the mysterious buyer finally surfaced.

"What you lose is what you gain." In the investment field, you will always worry about gains and losses. Sometimes it is inevitable to "focus on one and lose on the other". It is best to treat it with a normal mind.

Let’s talk about the “Funeral King” Li Shicong’s Longbang. Some time ago, he continued to increase his holdings in Taiwan’s old food giant Taishan Enterprise , and the shareholding amount It exceeded 40%, and it seemed that the management rights were secured. However, is the law of the jungle . However, the founding family of Taishan Enterprise sold most of its shares in the company's most profitable "golden hen mother" - FamilyMart convenience store last week. Isn't it true that Longbang "fetched water from a bamboo basket and achieved nothing"!

As the major shareholder of Taishan Enterprises, Longbang Chairman Liu Weilong held an emergency press conference on December 8, criticizing the Taishan founding family's behavior of selling off the "Golden Chicken Mother" family as "robbers", and claimed to convene an extraordinary shareholders' meeting as soon as possible so that Taishan's board of directors could immediately respond to the latest equity structure ; however, it remains to be seen whether this move can win the battle to rob the whole family.

FamilyMart convenience stores are located all over Taiwan, and because Taishan Enterprises sold about 20% of its shares in FamilyMart, the battle to “rob FamilyMart” has attracted much attention.

Cai Hongtu (right) and Cai Zhenyu brothers attended the 60th anniversary celebration of Cathay Financial Holdings

Taishan Enterprise announced last week that it would dispose of about 20% of the family's equity, and the mysterious buyer finally surfaced! It is reported that "Wanbao Development" owned by the family of Cai Hongtu, chairman of Cathay Financial Holdings, took over Taishan's shareholding.

According to sources, Cai Hongtu, the head of Cathay Financial Holdings, is not only optimistic that FamilyMart will be the "second brother" of the chain retail chain after the leader "Quanlian", but also hopes to make up for Cathay Group's shortcomings in the layout of retail network and electronic payment, and compete with its "dead rival", his cousin Cai Mingzhong, Cai Mingxing Fubon Media momo, a subsidiary of Fubon Group.

Last week, in the face of Longbang’s fierce attempt to take a look at the management rights, in order to counterattack the major shareholder Longbang (Note: also known as the “market faction”) who holds the most shares, the founding family of Taishan Enterprise (Note: also known as the “Market Party”) stepped in step by step. The "Company Faction") suddenly launched an attack when they saw the move. They announced the transfer and disposal of 43,300 shares in FamilyMart, accounting for about 19.4% of FamilyMart's equity. The total transaction amount was NT$8.097 billion. However, Taishan Enterprise did not announce the specific buyer at that time.

Since Taishan sold off his family's shares through a huge transfer, and the buyer was Cathay Securities, the market immediately speculated that the "Cathay Life" of the Cai Hongtu family would take over; but then Cathay Life spokesperson Lin Zhaoting denied it and pointed out that the "Insurance Law" stipulates that if you want to buy more than 10% of Taishan's shares, you must obtain the approval of the insurance supervision department in advance.

A mysterious buyer surfaced, did the funeral king lose?

Longbang Chairman Liu Weilong

FamilyMart convenience stores are located all over Taiwan, and because Taishan Enterprises sold about 20% of its shares in FamilyMart, the battle to “rob FamilyMart” has attracted much attention.

Cai Hongtu (right) and Cai Zhenyu brothers attended the 60th anniversary celebration of Cathay Financial Holdings

At that time, there were also rumors in the market that the person taking over the business was Cai Zhenyu, the third-generation eldest son of the Cathay Cai family and Cai Hongtu’s brother. Now, the mysterious buyer has finally come to light. It turns out that it is Wanbao Development, the largest legal shareholder of Cathay Financial Holdings, who has taken over the project.According to the data, Wanbao Development has a registered capital of NT$35.1 billion. It holds approximately 15.86% of the equity of Cathay Financial Holdings, and together with "Linyuan Investment", another investment company of Cathay Group, holds close to 30% of the equity. In late November this year, Cathay Financial Holdings held a 60th anniversary celebration. The leader Cai Hongtu shouted: "You are braver than you think!"

Sources revealed that the Cai Hongtu family's "Wanbao Development" took over the shares of FamilyMart Taishan Enterprises. It was "Xiangzhuang's sword dance with the intention of Peigong", hoping to strengthen Cathay Bank's credit card and ATM layout, compete with other banks, and grab FamilyMart, which will undoubtedly gain the upper hand.

Zhan Haojun (left), director of Taishan Enterprise and the third generation of the family, and company spokesman Lei Songqing

On December 2, Taishan Enterprise held a board meeting and decided to dispose of the entire family’s shares. As soon as the news came out, it immediately attracted attention from all parties and triggered the “war to rob the entire family.” According to data from the Taiwan Stock Exchange's OTC Trading Center, Taishan Enterprise sold 43,300 FamilyMart shares it held through Sinzhou UBS Securities. There were two transactions, with an amount of NT$187 per share, and a total transaction amount of NT$8.097 billion.

Taishan Enterprises disposed of about 87% of FamilyMart’s 501,000 shares, which means it sold nearly 90% of FamilyMart’s shares. Faced with the sudden attack by the Taishan Company faction (i.e., the founding family management) to sell the "Golden Chicken Mother" family, the major shareholder Longbang International, which held more than 40% of the shares, was naturally unhappy. They immediately issued a written statement, saying that this move damaged the company's goodwill, caused indelible damage to corporate governance, and ignored the rights and interests of major shareholders. As major shareholders, they will file complaints with the competent authorities through formal channels and plan to file a lawsuit in court.

Taishan’s management also responded that the disposal of FamilyMart’s equity “fully complied with the procedures” and that the management department had consulted two external lawyers in advance to issue legal opinions. It also stated that FamilyMart’s convenience store was a long-term investment of Taishan Enterprises and that the sale of the shares would not affect the company’s operations at all. In addition, they also pointed out that Taishan Investment FamilyMart’s income accounted for 56% of the company’s net profit year by year from 91% in 2017.

It is undeniable that the investment in FamilyMart accounts for "half of the profits" of Taishan Enterprises. The major shareholder Longbang International, which is expected to obtain the management rights with great difficulty, has sold its most valuable "golden hens" that can "lay eggs". What's the point of spending a lot of money to increase its shareholding in Taishan Enterprises?

According to reports, Longbang International stated that it has filed a false sanction application with the court, requesting that the company be frozen and not use the NT$8.097 billion in assets gained from the sale of FamilyMart. Taishan Company stated that this part belongs to the company's autonomy, and the judiciary is not allowed to get involved. It will follow the legal procedures of and will take advantage of the situation. Regarding Longbang International's accusation of "hollowing out", Taishan said that the disposal of the entire family's shares has been accounted for and the relevant funds have been accounted for, successfully creating a profit of NT$5.4 billion for all Taishan shareholders of more than 50,000 people.

On the evening of December 8, Zhan Haojun, director of Taishan Enterprises and the third generation of the family, and company spokesperson Lei Songqing also held an emergency press conference, saying that Longbang Chairman Liu Weilong had no right to issue a statement on behalf of the company, and he did not represent Taishan Company’s position. Zhan Haojun said that Long Bang said that Taishan was a "robber" and "bandit", which hurt the company's image and would sue him.

Zhan Rendao, President and Honorary Chairman of Taishan Enterprises

Inheriting the same lineage should be remembered as the ancestor, and the creation of hundreds of industries is the honor of the ancestor. As the old saying goes, "Everything thrives when a family is harmonious." If there are endless internal disputes, how can "everything prosper"? Almost all battles over the management rights of family businesses are triggered by "family disharmony."

The reason why Taishan Enterprises was snooped by the "Funeral King" for its management rights and had to raid and sell off its most valuable investment asset, the FamilyMart convenience store, was also caused by "family discord." Previously, Taishan Enterprise President and Honorary Chairman Zhan Rendao revealed for the first time that his shares had been sold to an outsider, namely Longbang International, at the "Taiwan Vegetable Oil Refining Industry Association 70th Anniversary Celebration Conference". He said calmly: "This is what a listed company is like, and the rotation of management rights is normal."

Zhan Rendao is the eldest son of the second generation of the Zhan family in Taishan. He has been at the helm of Taishan for 46 years. Although he has handed over the reins, he is still the president and honorary chairman of the group. He is the patriarch of the Taishan family and has the highest seniority. In 2007, Zhan Rendao handed over the power to Zhan Yuelin, his eldest son and the third-generation grandson of the Zhan family in Taishan, caused internal strife with his cousins. In 2016, cousins including Zhan Jingchao, the current chairman of Taishan, Zhan Jinjia, and Zhan Yihong joined forces to overthrow Zhan Yuelin and successfully obtained the management rights. At the ml3 press conference, Zhan Haojun, director of Taishan Enterprise and the third generation of the family, said that Zhan Rendao and his son sold their shares to Longbang International, and he respected the decision of his uncle and cousin. He also emphasized that big families are somewhat different. Taishan is a listed company and everyone has the right to make purchases (note: refers to equity). However, his family will still continue to communicate. The focus is for the good of the company and will not give up until the end. Most of the Zhan family is still very united and hopes to pass it on to the next generation.

Taishan, a long-established food factory in Taiwan, was established in 1950 and has a history of 72 years. If you don’t know Thai Shan Enterprise, let me tell you, Taishan produces jelly grass honey, eight-treasure porridge, purified water, various edible oils, etc. Taishan Enterprise (Zhangzhou) Food Co., Ltd., located in the Jiaomei Economic Development Zone between Xiamen and Zhangzhou, is a subsidiary of Taiwan Taishan Enterprise established in 1997.

By the way, in response to market rumors that the Cai Hongtu family's "Wanbao Development" has taken over the family's shareholding, Taishan publicly responded that since the shareholding was sold through a huge transfer, it was not clear who the buyer was, so he could not comment.

According to the latest news from the "Business Times", this time the Cathay Tsai Family and FamilyMart are online, it turns out that the Japanese are involved! It is said that it is mainly Japan's Itochu Trading Co., Ltd. that pulls the strings. Itochu Corporation, the parent company of Japan's FamilyMart, jointly manages Taiwan's FamilyMart convenience stores with Taishan Enterprises. Faced with the possibility that the "Funeral King" Long Bang could invade the whole family by eating Taishan, Itochu felt uneasy. Finally, through his guidance, he helped Taishan Enterprise find the Cathay Cai family that he was familiar with in the past to assist. The transaction was completed about a month ago We started negotiating and we hit it off quickly.

The home of the richest man has a close relationship with the "Funeral King"

Longbang Group

Speaking of the Taiwan-listed company Longbang International, its full name is Longbang International Industrial Co., Ltd., and its subsidiary "Longbang Construction", which was listed in 1992, is the central Taiwanese company. It is the first construction company in Taiwan to be listed on the Taiwan Stock Exchange.

In 1988, Mr. Zhu Bingyu invited several wealthy people such as Luo Jie, Ding Huang, Chen Mucun, Liu Wenbing, Zhan Yisheng, Chen Muchang and others to jointly establish Longbang. In the early days, the company's main business was the construction of commercial buildings and residences. In 2009, the company was renamed "Longbang International". The most famous investment of Longbang International in mainland China is its participation in the development of Xiamen International Trade Financial Center . Other companies such as Xiamen Xinlongde Real Estate are mainly engaged in "confinement care".

In 2016, when the north tower of the Xiamen International Financial Center was about to be completed, China PICC bought the entire building for 1.45 billion yuan. This was also the proud debut of Longbang International.

Zhu Bingyu, one of the founders of Longbang International and former chairman of Taiwan Life Insurance

Zhu Bingyu, one of the founders of Longbang International, once served as the chairman of Taiwan Life Insurance The chairman of the board of directors represents Taiwan Life's shareholder Longbang International. In 2000, Longbang entered the financial and insurance industry and took a stake in Taiwan Life Insurance.

However, between 2014 and 2016, due to the investigation of the CITIC Group fraud case, Zhu Bingyu resigned as a director of Tai Life in 2018.

Liu Weilong, who is currently the chairman of Longbang International, was previously the chairman of Longyan International. Longyan International is a company under the Longyan Group, and its founders are the "Funeral King" Li Shicong and his wife Liu Ping.This is why the media on the island rumored that Cathay Financial Holdings Cai Hongtu took over the sale of Taishan shares, saying that the "funeral king" robbed the whole family and lost.

"Funeral King" Li Shicong

is known as "Funeral King" Li Shicong, the "King", had a stroke 4 years ago and was on the verge of death. In 2020, he was shocked to be diagnosed with a brain tumor. On December 3, 2021, he quickly arranged for the second generation to take over and let his daughter, "Longyan Princess" Li Kaili, serve as the chairman of Longyan Group, but he remained as the group president.

Life is impermanent, and everyone, rich or poor, has his or her destiny. In mid-April 2017, while attending a friend's banquet, Li Shicong, who was drinking and singing, suddenly shook his body and fell on the table after stepping off the stage. Wu Mingxian, dean of the National Taiwan University School of Medicine who was present, noticed something was wrong and immediately sent him to the hospital. Fortunately, he gradually improved after surgery.

suffered from this, and Li Shicong also stepped up the intergenerational inheritance. He donated NT$10 billion worth of equity to his daughter Li Kaili, claiming it was for tax considerations. By the way, Longbang International is a company invested by Longyan Group.

Longyan Group operates the funeral industry. Therefore, Li Shicong is called the "Funeral King". Previously, Li Shicong and his wife Liu Ping were accused of transferring NT$21 million in donations from the Longyan and Fuze foundations to their own accounts for private use. The prosecutor previously accused Li Shicong and Liu Ping of using the "five ghost transfer" method to use the donated funds transferred to their private accounts to buy high-quality goods for Liu Ping personally.

In early November this year, after a review by the "Higher Inspection Commission", it was deemed that the foundation's accounts were unclear, but the money had not flowed into private pockets, and Li Shicong and Liu Ping were not prosecuted.

Lai Miles (left), Li Shicong (right)

After Li Shicong married his wife Liu Ping, they had a pair of children. Except this time, their daughter Li Kaili took over as the chairman of Longyan Group, they rarely exposed their family life to the public. Li Shicong, the "Funeral King", has many confidantes in private, the most famous of whom is Lai Miles, the former chairman of Humble House Group and the widow of Cai Chenyang.

In 2018, Lai Miles and Li Shicong were photographed by paparazzi while traveling in Japan on the "Kyushu Star". The two of them twisted their waists, slapped their buttocks and pinched their faces from time to time, just like a couple in love. After the love affair was exposed, not to mention a pair of children who would support their father's search for a "mistress", the personal image of Lai Lili, who runs the hotel industry, was also severely damaged.

Li Shicong suffered from a brain tumor the year before last and needed to recuperate. Coupled with social pressure and various factors, Lai Miles chose to leave in August 2020, putting an end to their affair. It is necessary to mention that Tenda Airlines, a joint venture invested by Li Shicong and Lai Miles, also went out of business the following month.

Lai Miles and Cai Chenyang

The delicate and beautiful Lai Miles, who used to be the principal flutist of the orchestra, is also known as the "Flute Princess". She has been married twice, and her relationship has been bumpy.

Lai Miles’ first marriage was to her ex-husband, Zhong Qiongliang, chairman of NOVA Information Plaza. They gave birth to a pair of children, but their relationship only lasted 6 years. Later, while giving flute lessons, I met Cai Chenyang, the second-generation rich man of the Cathay Group. The relationship between the two became closer and closer, and they got married again in 2000.

After getting married, Cai Chenyang was doted on. After falling behind in his family, he made a comeback and named the humble Ellie Hotel he founded after Lai Mi's English name Ellie. Unexpectedly, Cai Chenyang passed away due to illness in 2016 at the age of 66. The funeral that year was arranged by Li Shicong's Longyan Group. Fate brought Lai Miles and the "Funeral King" Lai Miles together, but they broke up after two years of dating.

Before Lai Miles, Cai Chenyang's ex-wife was the female artist Wang Chuanru who was known as the "Ghost Queen". After marriage, he encountered the Cai family's "Ten Faith Case" and took his children overseas. They divorced more than ten years later. Cai Chenyang and his first wife gave birth to the eldest son Cai Bofu, the second son Cai Bohan, and the daughter Cai Jiafeng; the youngest son Cai Boxi was born to Cai Chenyang and his second wife Wang Chuanru.In January 2021, the eldest son Cai Bofu died suddenly after returning to his room after dining at his family's Sheraton Hotel.

Cai Chenyang’s father is the third son of Cai Wanchun, the “richest man in Taiwan” and founder of Cathay Pacific Group, and the uncle of Cai Hongtu, chairman of Cathay Financial Holdings. The Cai family is a well-known financial holding family in Taiwan. Cai Hongtu's Cathay Financial Holdings and his cousin Cai Mingzhong Kunzhong's Fubon Financial Holdings are both the most famous financial holding companies in Taiwan.

Cai Hongtu and Cai Chenyang are cousins, and Lai Miles is his cousin-in-law. Now there is a battle to snatch the whole family, and the "Funeral King" loses. I can't help but think of the relationship between the richest Cai family and the "Funeral King". It is in line with the saying: If you can be content with your happiness in life, your meaning will be profound and your writing will come true.

Copyright statement: The copyright of articles and pictures published by "Yibao Shuo" belongs to the author and/or the relevant rights holders. No website or print media may reprint them without separate authorization from the author and/or the relevant rights holders.