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Tue, Sep 30, 2003 - Page 11　News List

TSMC stake to be sold: legislator

FINANCE PFP Legislator Thomas Lee said the government plans to sell shares of the semiconductor giant, but the body controlling the shares disputed the claim

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The government plans to sell other state assets, according to Lee. It aims to raise NT$104 billion next year selling stakes in Taiwan Power Co (台電) and Taiwan Tobacco and Liquor Corp (台灣菸酒公司). It also plans to sell NT$265 billion in debt to finance the deficit, he said.

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