The deputy minister of finance yesterday didn't deny speculation that he had asked TTV shareholders to support Lai Kuo-chou (
As deputy minister of finance, Yen Ching-chang (
After Tsai Cheng-yuan (
On Monday night, Yen and Wang Yaw-shing (
The banks included Bank of Taiwan (
That meeting ignited speculation that Yen had asked the bank heads to back Lai -- and Yen didn't deny the rumor yesterday.
"It is normal for the finance ministry to select a candidate as chairman of TTV," Yen said yesterday morning.
"When the government is executing its voting rights, it cannot be without a mechanism of coordination. Because the banks that are the major shareholders in TTV are also owned by the government, there should be a consensus reached before TTV's board meeting."
Yen also said that the meeting of bank officials helped to prevent any one bank from straying from the program.
The six commercial banks are either wholly or majority-owned by the government.
Bank of Taiwan reportedly owns 14.5 percent of TTV's shares. The Land Bank of Taiwan, Hua Nan Commercial Bank, First Commercial Bank, Chang Hua Commercial Bank control roughly 4.88 percent each. Taiwan Cooperative Bank controls 4.05 percent of TTV's shares.
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