Since its establishment, the China Youth Corps (CYC) made about NT$600 million (US$19.1 million at the current exchange rate) from selling property, the Ill-gotten Party Assets Settlement Committee said yesterday.
The committee, which last year froze the corps’ assets after designating it as an affiliate of the Chinese Nationalist Party (KMT), said it is investigating the origins of NT$5.6 billion of those assets.
The corps reported selling or granting 34 plots of land and 28 buildings since it was established in 1952, the committee said.
Photo: Chu Pei-hsiung, Taipei Times
The largest single sale was a building and plot of land at 30 Zhongshan Rd, Sec 1 in Taipei that was sold to Sunrise Construction in 2016 for NT$300 million, the committee said.
The corps purchased the property in 1992 for NT$75 million to establish a cram school, and sold it when the corps discovered the Cabinet was planning to establish the Ill-gotten Party Assets Settlement Committee, the committee said.
However, after the sale, the corps continued to rent the property from the company to keep the school running, which it did until February of this year, the committee said.
The corps is the KMT affiliate with the largest number of holdings, owning 71 plots of land and 136 buildings, and earns revenue largely through three ventures — public sports centers, cram schools and youth activity centers around the nation, the committee said.
It owned nine properties in the Beian (北安) area of Taipei’s Zhongshan District (中山), which it began selling in 1994 to companies such as Chang Ying Construction, earning NT$123 million, the committee said.
Two plots it purchased in 1965 in Nantou City for NT$48,000 were granted to the KMT to use for a “community service center” in 1984, which the KMT recently applied to the corps to sell, the committee said.
One property the corps sold was the former residence of former premier Lee Huan (李煥) on Siwei Road in Taipei’s Daan District (大安), it said.
The building had been purchased in 1971 for NT$640,000, and was sold in 2015 for NT$267.79 million to Fu He Xing Construction Co, the committee added.
The corps has 52 vehicles registered to it, and about NT$2.6 billion in various currencies in 289 accounts at different banks, the committee said.
It has also applied to a credit organization to purchase a medical biochemistry foundation priced at NT$4.85 million, it said.
The corps holds a total of NT$35 million shares in China Steel Corp, TSRC Corp and Living Psychology Publishers Co and NT$68.11 million in China Youth Travel Association shares, the committee added.
The corps began selling old properties and buying new ones after former corps president Jeanne Li (李鍾桂) took over the organization, the committee said.
The committee said that its investigations into the corps’ property transactions would continue.
A group of Taiwanese-American and Tibetan-American students at Harvard University on Saturday disrupted Chinese Ambassador to the US Xie Feng’s (謝鋒) speech at the school, accusing him of being responsible for numerous human rights violations. Four students — two Taiwanese Americans and two from Tibet — held up banners inside a conference hall where Xie was delivering a speech at the opening ceremony of the Harvard Kennedy School China Conference 2024. In a video clip provided by the Coalition of Students Resisting the CCP (Chinese Communist Party), Taiwanese-American Cosette Wu (吳亭樺) and Tibetan-American Tsering Yangchen are seen holding banners that together read:
UNAWARE: Many people sit for long hours every day and eat unhealthy foods, putting them at greater risk of developing one of the ‘three highs,’ an expert said More than 30 percent of adults aged 40 or older who underwent a government-funded health exam were unaware they had at least one of the “three highs” — high blood pressure, high blood lipids or high blood sugar, the Health Promotion Administration (HPA) said yesterday. Among adults aged 40 or older who said they did not have any of the “three highs” before taking the health exam, more than 30 percent were found to have at least one of them, Adult Preventive Health Examination Service data from 2022 showed. People with long-term medical conditions such as hypertension or diabetes usually do not
Heat advisories were in effect for nine administrative regions yesterday afternoon as warm southwesterly winds pushed temperatures above 38°C in parts of southern Taiwan, the Central Weather Administration (CWA) said. As of 3:30pm yesterday, Tainan’s Yujing District (玉井) had recorded the day’s highest temperature of 39.7°C, though the measurement will not be included in Taiwan’s official heat records since Yujing is an automatic rather than manually operated weather station, the CWA said. Highs recorded in other areas were 38.7°C in Kaohsiung’s Neimen District (內門), 38.2°C in Chiayi City and 38.1°C in Pingtung’s Sandimen Township (三地門), CWA data showed. The spell of scorching
POLICE INVESTIGATING: A man said he quit his job as a nurse at Taipei Tzu Chi Hospital as he had been ‘disgusted’ by the behavior of his colleagues A man yesterday morning wrote online that he had witnessed nurses taking photographs and touching anesthetized patients inappropriately in Taipei Tzu Chi Hospital’s operating theaters. The man surnamed Huang (黃) wrote on the Professional Technology Temple bulletin board that during his six-month stint as a nurse at the hospital, he had seen nurses taking pictures of patients, including of their private parts, after they were anesthetized. Some nurses had also touched patients inappropriately and children were among those photographed, he said. Huang said this “disgusted” him “so much” that “he felt the need to reveal these unethical acts in the operating theater