TT: The company you co-founded -- Investec (諮群顧問) -- offered a multitude of services in the real estate market. What spurred the decision to merge with Jones Lang LaSalle (仲量聯行) and what kind of increase in business do you expect from additional services brought on by Jones Lang LaSalle, like the capital market services?
Wang: First, we believe we can contribute a lot in this transitional economy, meaning the structural changes to the real estate sector. Jones Lang LaSalle has a lot of experience in the disposal of NPLs in Tokyo, Korea, Bangkok and Indonesia . So we can bring that experience into the market. Currently, we are talking to a number of AMC companies about the strategy involved in doing just that. That's one area. The second, which we are also very strong in, is the retail shopping sector. Before the merger, Investec already had a very strong foothold in this market. With the arrival of Jones Lang LaSalle and its global resources, we are in a consolidation stage and providing a total solution for retailers. This means we offer services from consultancy to total leasing to shopping center management. We can localize international resources in the Taiwan market. In the old days, I was chairman of the shopping center development council and we saw a lot of international players trying to come into the market unsuccessfully. Shopping developers came from the US, Australia, Europe and Japan but they weren't successful because they weren't localized. They don't follow the critical local issues. With the combination of Jones Lang LaSalle and the Taiwan office, we believe we can localize those resources and provide more precise solutions for our clients.
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