TuSimple drama heats up ahead of pivotal shareholder meeting

Quick Summary:

Now, Hou is pushing shareholders to change the board, even if that means taking the fight outside the annual meeting.

Given the extensive list of issues at TuSimple under the current leadership team…I believe liquidation, which could return $1.93 per share (or more) to stockholders, represents the most equitable path forward for all of us.

At the end of November, Hou sued TuSimple and Mo Chen, the company’s co-founder, chief producer and director, to regain control over his voting rights.

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Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets: United StatesChina

Topics: Xiaodi hou TuSimple Startups Transportation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 21:25:45 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 717 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24465589

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