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TPEx Extends Trading Suspension for Great Empire (4804.TW) Amid Operational Crisis
Consumer Services · Other Consumer Services · economic_daily · 2026-08-26
4804
Great Empire (4804.TW) remains suspended from trading on the TPEx after losing control of its primary subsidiary, leading to a significant revenue collapse and unresolved financial reporting issues.
What Happened
Operational Disruption: Great Empire (4804.TW) has lost control over its key subsidiary, Shanghai Water Lily, following a change in shareholder structure. This loss of control has effectively severed the company's primary revenue stream, leading to a sharp decline in performance since February 2026.
Financial Reporting Failures: The company has failed to provide adequate explanations regarding the impact of these changes on its financial statements. Management has been unable to clarify the extent of the financial damage or outline clear strategies for asset preservation and recovery.
Regulatory Action: The Taipei Exchange (TPEx) has invoked Article 12-1 of its operating rules, citing significant concerns regarding the company's financial and operational stability. Consequently, the exchange has maintained the suspension of the company's shares to protect market integrity and investor interests.
Extended Suspension: This development adds to the company's existing regulatory woes, as it had already been suspended since April 2026 due to auditor concerns regarding its ability to continue as a going concern. The latest operational instability further complicates the company's prospects for resuming normal trading activities.
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