A Taiwanese-owned hotel in Kunshan, Jiangsu Province, China, was forcibly taken over by a gang of people organized by a Chinese shareholder who is also a Chinese Communist Party representative in the city council, a Taiwanese government official said.
The Straits Exchange Foundation (SEF), a quasi-official intermediary body authorized to deal with investment disputes in China in the absence of official contacts between the governments of both sides, made the claim in a press release late last night.
The release said the owner of the Taiwan Hotel, Weng Chun-hsien (
While Xu said he wanted to talk about transferring shares, the group took the hotel's corporate and financial seals, beat up the head of the hotel and expelled both the general manager and the financial controller, Weng was quoted as saying in the SEF release.
"We regret the occupation of the Taiwan Hotel, which follows another commercial dispute involving the Chinese operations of Shin Kong Mitsukoshi Department Store," SEF Secretary-General You Ying-lung (游盈隆) said last night.
You was referring to an incident in which Steve Wu (
You called on China to handle the case carefully to safeguard the interests of Taiwanese businesses and to take the consequences of these cases seriously.
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