Newspaper article China Post

No Chinese Money Allowed in Taipei 101 Shares Sale: MOEA

Newspaper article China Post

No Chinese Money Allowed in Taipei 101 Shares Sale: MOEA

Article excerpt

(ProQuest: [...] denotes non-USASCII text omitted)

TAIPEI, Taiwan -- The Ministry of Economic Affairs (MOEA) said yesterday that

the sale of shares in the firm that runs the Taipei 101 building will be under strict investigation to determine if the proposal is legal, adding that mainland Chinese investments are not allowed in this case or in any other future purchases of Taipei 101 shares.

The ministry's comment came one day after the Ting Hsin International Group ([...]) announced its intention to sell its entire equity in Taipei 101 to Malaysian company IOI Corporation Berhad.

In light of the mass boycott of Ting Hsin products and considering the Wei family's promise to donate NT$3 billion to create a so-called Food Safety Fund ([...]) to take responsibility for the recent food scandal, the group recently stated that it is hoping to sell its shares in the Taipei 101 building to Malaysian company IOI Corporation Berhad.

An official for MOEA's Investment Commission ([. …

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