Jiekou Payment Seized, Faces Auction? 6.58 Million Users' Rights at Risk! Lawyer Li Yusheng Explains Whether the Seizure of the Parent Company Affects Its Subsidiaries

"Jiekou Pay" was sealed and "may be auctioned"?! 6.58 million "user rights" are worrying! | CTV News reporters Zhou Jiawen and Guo Yuxuan

News link:https://youtu.be/Bk5GbyrmhHQ?si=7xQNpkq3GS0G36i8

Jiekou Payment, the leading domestic electronic payment company, and its parent company Jiekou Financial Technology, were shocked to be sealed off. It was learned that Taishan Company had previously filed a lawsuit for NT$3.6 billion but was unable to seek compensation, so the Taipei District Court executed the sealing procedure on the 11th. Since Jiekou Payment has 6.58 million users and is a wholly-owned subsidiary of Jiekou Financial Technology, whether the sealing action will affect user rights in the future has attracted much attention.

Li Yusheng, a lawyer at Fidelity Law Firm, said that in this case, Jiekou Payment's parent company, Jiekou Financial Technology, sold Jiekou Payment's equity to Taishan Company, but the court ruled that the transaction was invalid, so Taishan Company requested the return of the purchase price and applied for the seizure of the assets of the parent company, Jiekou Financial Technology. However, this seizure auction is aimed at Jiekou Payment's parent company. Since the finances and operations of the parent company and its subsidiaries are separated in principle, the rights and interests of Jiekou Payment users should not be affected for the time being. However, due to disputes among shareholders, whether it will have a negative impact on Jiekou Payment's operations in the long run remains to be seen.

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