Running a company is no easy task. Ming Ta gradually found its footing, continued to generate profits, and increased its capital to NT$5 million. The company then began establishing department store concession counters, opening in both Dream Mall in Kaohsiung and Global Mall in Zhonghe.
However, we encountered corruption when Mr. Huang, a floor manager at Dream Mall Kaohsiung, solicited bribes. At the same time, we faced an integrity issue with a batch of jewellery supplied by Mr. Li Ming-yuan and Mr. Liao Ji-chung, whose products were of substandard quality and misrepresented in value, amounting to fraudulent conduct.
Coinciding with this, the United States subprime mortgage crisis swept across the globe, creating a harsh investment climate in which cash was king. After careful consideration, the company made the decisive move to close its department store counters, undergo a repositioning, and re-evaluate its resources. We shifted our focus to first securing integrity within the supply chain, addressing root problems, and then expanding our customer base from a solid foundation.
