Thu, Nov 29, 2012 - Page 13 News List

TFMI link to Next Media buyout OK: FSC

INITIAL COMMENTS:The commission said it no longer has doubts about Chinatrust Charity Foundation chairman Jeffrey Koo Jr’s participation in the buyout

By Crystal Hsu and Camaron Kao  /  Staff reporters

The companies said Formosa Plastics Group invested in the media industry to help remove media bias. It will play an objective role and use its power to supervise the media, providing diverse channels for all voices in society to be heard. However, all four companies denied making a direct investment in Next Media.

Meanwhile, Lung Yen said in a stock exchange filing that the investment is its chairman’s personal decision and is nothing to do with the company.

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