Shareholders of Lenovo Group Ltd yesterday approved its purchase of IBM's personal-computer division -- a deal that would make the Chinese company the world's third-largest PC maker. \nThe companies planned to complete the US$1.75 billion deal in the second quarter, but it still faces other hurdles -- including a possible challenge by US regulators. \nShareholders approved the purchase -- one of the biggest foreign acquisitions ever by a Chinese company -- at an extraordinary general meeting. \nLenovo, Asia's biggest computer maker, is paying US$1.25 billion in cash and stock for its majority stake in the merged desktop and laptop business, while assuming US$500 million worth of debt and liabilities. Close to 57 percent of Beijing-based Lenovo's equity is held by Legend Holdings Ltd, controlled by the Chinese government. \nThis worries some American lawmakers, who on Wednesday urged a US government panel to investigate the national security implications of Lenovo's deal with International Business Machines Corp. The Congressmen contend that the companies' agreement might result in the Chinese government being involved in computer contracts with the US government. \nThe lawmakers wanted the review to be done by the US Committee on Foreign Investment, which considers security risks of foreign companies buying or investing in American businesses. \nDuring Thursday's meeting, Lenovo's management tactfully dodged concerns raised in the US, saying the company hasn't been informed nor has it received any indications that the deal may be blocked.
Dignitaries from 47 countries yesterday congratulated President Tsai Ing-wen (蔡英文) on the commencement of her second term and highlighted Taiwan’s achievements in democracy and its response to the COVID-19 pandemic, after US Secretary of State Mike Pompeo sent his congratulations a day earlier. As of noon yesterday, 263 high-ranking officials from 47 countries and global organizations had congratulated Tsai via statements, letters, social media posts or recorded footage, the Ministry of Foreign Affairs said, while releasing a collection of footage sent by selected dignitaries. The governments of Taiwan’s 15 diplomatic allies sent their congratulations, as did the Czech Republic, France, Germany, Italy,
REASSURING NUMBERS: Taiwan’s test capacity ranks sixth or seventh among 91 nations, and is not low compared with other nations, Chen Shih-chung said The quarantine period for foreigners visiting Taiwan for business would vary based on the COVID-19 situation of the nation or territory that they are coming from, the Central Epidemic Command Center (CECC) said yesterday, as it reported the 13th consecutive day of no new cases. Minister of Health and Welfare Chen Shih-chung (陳時中), who heads the center, told reporters at the center’s daily briefing that modified rules covering foreign business visitors had been completed and were ready for him to sign. The complete details of the new rules would be released later this week, he said. Foreigners on long business trips would have
IN PROTEST: The US’ top diplomat said the WHA had been deprived of Taiwan’s scientific expertise, while Tsai said political factors should not be put above health US Secretary of State Michael Pompeo on Monday condemned Taiwan’s exclusion from the World Health Assembly (WHA), while President Tsai Ing-wen (蔡英文) yesterday lodged a strong protest against the WHO for not inviting Taiwan. Twenty-two nations voiced support for Taiwan’s bid for participation on the first day of the assembly’s two-day virtual meeting, but despite the global community’s unprecedentedly strong support for Taiwan, it remained blocked from the assembly, with WHO member states on Monday agreeing to delay discussion on Taiwan until later this year. Pompeo, who on May 6 urged WHO Director-General Tedros Adhanom Ghebreyesus to invite Taiwan to the WHA,
The Central Epidemic Command Center (CECC) yesterday announced no new cases of COVID-19, adding that a ban on mask exports would be lifted soon under three conditions. Minister of Health and Welfare Chen Shih-chung (陳時中), who heads the center, said that 401 people from among the nation’s 440 confirmed cases have been removed from isolation. Yesterday was the 12th consecutive day that no new cases of COVID-19 were reported in Taiwan, and the 37th day of no new domestic cases. “As our local communities have gradually become safe, we should not become careless,” Chen said. “We should continue to take personal protective measures