Benq's K.Y. Lee, Mired in Graft Probe, Must Reduce Costs, Investors Say

(Bloomberg) -- Benq Corp., a Taiwanese electronics company whose chairman faces insider-trading charges, must cut costs and bolster profits to revive its stock price from a decade low, fund manager Hiroki Lu said.

Shares of Benq have tumbled 30 percent this year, dragged down by a two-month investigation that resulted in the indictment of Chairman K.Y. Lee and four executives this week, and losses from its acquisition of Siemens AG's handset unit. Lee has denied the charges and won't step down, Taoyuan-based Benq said.


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