The KMT said yesterday it would not put any more money in the financially strapped Power TV, but the party is looking for a new investor to take over the station.
If a new investor can be found, both shareholders of the station -- the KMT and the Hsian Shan Group (
Although Wu declined to name the possible group that has been in contact with the KMT, reports said I-Mei Foods Corp which owns the Taiwan News, a English daily in Taiwan, is very much interested in the deal.
The reports said that the I-Mei Group is willing to pay NT$250 million to buy the station, but both sides are still in the process of negotiating.
The KMT became a partner in the Power TV station after it invested NT$600 million in January last year. The Hsian Shan Group and the party hold even proportions of the station's stocks.
The investment has proved a poor one however, especially since the station was flooded during Typhoon Nari last September, as a result of which most of its equipment was destroyed.
The KMT is also unhappy with the fact that, regardless of its being a major shareholder, it does not have any management rights, on top of which it is unhappy with the station's strong pro-PFP stance in its news coverage.
For the past six months, the relationship between the KMT and Chiang Tao-sheng (
Chiang again accused the KMT yesterday of failing to meet its financial obligations, as a result of which a check for NT 5.16 million bounced on Tuesday.
He said after the KMT's join the venture in January 2001, he had put an extra NT$350 million into the station, while the KMT had given nothing extra.
SPEEDING ELETRIC VEHICLES: Available without license requirements, the low-cost vehicles, especially if illicitly modified, can often reach a dangerous speed The government should crack down on illegal electric bicycles and scooters, the non-profit Consumers’ Foundation said on Friday, citing research on the potentially dangerous speed of the vehicles. Electric bicycles and lightweight electric scooters have gained popularity as they do not require registration and riders do not need licenses, the foundation said, adding that as many as 40 percent of them can reach speeds exceeding the legal limit of 25kph for non-licensed two-wheelers. Some consumers also purchased legal electric vehicles and modified them to reach higher speeds, it said. “If the government does not step up efforts to confiscate these
NEW CASE REPORTED: A man who returned from South Africa on a flight with the nation’s 460th and 461st cases has now tested positive for the disease The Central Epidemic Command Center (CECC) yesterday said that there is no need to test all arrivals to the nation for COVID-19, a policy the Executive Yuan supports. The center reported one new imported case, bringing the nation’s tally of confirmed cases to 477. The new case is a Taiwanese man in his 60s who on July 25 returned from South Africa, said Centers for Disease Control (CDC) Deputy Director-General Chuang Jen-hsiang (莊人祥), who is also the CECC’s spokesman. The man had returned to Taiwan on the same flight as cases Nos. 460 and 461, reported on July 27, Chuang said. On July 24,
‘RELIABLE PARTNER’: US Secretary of Health and Human Services Alex Azar praised the ‘Taiwan model,’ saying that the nation brought its spirit to its COVID-19 response The first memorandum of understanding (MOU) on health cooperation between the Ministry of Health and Welfare and the US Department of Health and Human Services was yesterday signed at the Centers for Disease Control in Taipei. The memorandum was signed between the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the US, by AIT Director Brent Christensen and Taiwan Council for US Affairs Chairperson Jen-ni Yang (楊珍妮). US Secretary of Health and Human Services Alex Azar and Minister of Health and Welfare Chen Shih-chung (陳時中) witnessed the signing of the memorandum, designed to enhance the nations’
More than half of Taiwan’s middle-aged population, those aged between 40 and 64, have at least one of the “three highs” — high blood pressure, high blood lipids or high blood sugar — and an unhealthy waist size, the Health Promotion Administration (HPA) said, adding that more than 30 percent also have metabolic syndrome. The HPA, the Taiwan Millennium Health Foundation and local health departments are cooperating to encourage people to regularly measure their waist circumference and keep it at a healthy size — no more than 90cm for adult men and no more than 80cm for adult women. Taichung Veterans General