Thu, Dec 15, 2005 - Page 3 News List

DPP protests planned KMT sale of assets

By Ko Shu-ling  /  STAFF REPORTER

With the KMT planning to sell five party-owned media outlets, the Democratic Progressive Party (DPP) legislative caucus yesterday called on the KMT to return its improperly acquired party assets.

"Since the KMT's party assets were taken from the state and people, we're strongly against their plan to sell more party assets and would like them to immediately return them to the people," said DPP caucus whip William Lai (賴清德). "We're sorry to see KMT Chairman Ma Ying-jeou (馬英九) turn a deaf ear to the voice of the people and speed up the process of its sale of party assets."

The five media outlets that may be sold are China Television Co (CTV), Broadcasting Corp of China (BCC), Central Motion Picture Corporation, Central Daily News and China Daily News. The party hopes to rake in NT$8 billion (US$240 million) through the sales.

Lai said that the KMT's election victory in the Dec. 3 local government polls was directly related to the sale of party assets and that the party is planning to sell the five media outlets to raise more money for coming elections, including next year's Taipei and Kaohsiung mayoral election, the next legislative election and the 2008 presidential election.

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