Chinese Nationalist Party (KMT)-affiliated Central Investment Co accumulated stock worth NT$24.7 billion (US$804.14 million) by the end of last year, the Cabinet’s Ill-gotten Party Assets Settlement Committee said.
The committee in November 2016 identified Central Investment and its spinoff, Hsinyutai Co, as organizations affiliated with the KMT.
The two companies earlier this year filed financial reports in accordance with the Act Governing the Handling of Ill-gotten Properties by Political Parties and Their Affiliate Organizations (政黨及其附隨組織不當取得財產處理條例).
Photo: Chien Jung-fong, Taipei Times
The latest financial report showed that the KMT holds about NT$18.9 billion in assets, with about NT$15.6 billion of that being associated with Central Investment and Hsinyutai, after taking the companies’ debts into account.
Both companies’ assets have been frozen, the committee added.
Central Investment’s assets include 33 plots of land, 29 buildings, bank savings of NT$87.66 million and stock worth NT$24.7 billion, including NT$410 million in privately listed company stock, the committee said.
The company holds NT$100 million in Hsing Ta Cement Co stock alone, which it purchased through Shin Kong Financial Holding Co, Yuanta Financial Holding Co and Grand Fortune Securities Co Ltd, the committee said.
Central Investment’s unlisted stock holdings, worth NT$24.28 billion, include shares in Taiwan Pineapple Corp, Taiwan Sugar Corp, Core Pacific City Mall and TECO Nanotech Co, among others, it said.
The KMT also sold NT$244.5 billion of negotiable securities between 1999 and 2016, including stock worth NT$103.7 billion, bonds worth NT$500 million and beneficiary certificates worth NT$140.29 billion from Capital Investment Trust Corp and other investment companies, the committee said.
The committee uncovered KMT assets worth NT$5.46 million from the sale of 273 units in a mausoleum tower for cremated remains, as well as NT$37 million from the sale of two sets of golf course memberships, it said
Hsinyutai’s assets include five plots of land in Taipei’s Zhongzheng District (中正), bank savings of NT$2.07 million, and shares in Central Motion Picture Corp worth NT$6.51 million, the committee said.
It also found that the KMT in 2012 bought 390,000 Hon Hai Precision Industry Co shares worth NT$33 million.
Former president Ma Ying-jeou’s (馬英九) office on Tuesday confirmed that Hon Hai chairman Terry Gou (郭台銘) donated to the Ma Ying-jeou Foundation.
While the office did not reveal the amount, sources said that Gou earlier this month pledged 850 Hon Hai shares worth about NT$60 million.
NATIONAL SECURITY: Authorities are working to confirm the identities of the military personnel involved and investigating possible illegal conduct and regulatory violations Authorities are probing possible national security implications after Kinmen police and immigration officers on Sunday found a Chinese woman allegedly posing as a tourist while engaging in prostitution involving more than 10 military personnel. The woman, surnamed Chen (陳), has since been deported, authorities said, adding that investigators are still working to confirm the identities of those implicated, as the records only listed code names and aliases. The case stemmed from a report received by the Kinmen District Prosecutors’ Office on Friday last week from the Jinhu Precinct of the Kinmen County Police Bureau. On Sunday, police, along with the National Immigration
GLOBALGIVING: ‘ Caving to external pressure is not acceptable for an organization that has cultivated justice reform and human rights for 30 years,’ one NGO said A slew of non-government organizations (NGOs) have withdrawn from the GlobalGiving fundraising platform after it announced it would use “Chinese Taipei” instead of “Taiwan” from next month. The Taiwan Good Rice Association wrote on Facebook on Friday that it was informed on April 28 via a teleconference call of the change, which was made because the platform wanted to operate in China. Taiwan Good Rice is to terminate all cooperative relationships with GlobalGiving in response to the platform’s “unilateral and non-negotiable” decision to remove references to Taiwan, the NGO said. “Taiwan is in the official name of Taiwan Good Rice Association and the
HEAVY WEATHER: Typhoon Jangmi is due to crash straight into the Ryukyus as airlines look to shift flights to larger aircraft or cancel flights to Okinawa entirely Taiwan’s international air carriers announced flight adjustments over the weekend as Typhoon Jangmi is forecast to hit the Ryukyu Islands today and tomorrow. The Central Weather Administration (CWA) upgraded Jangmi from a tropical storm to a typhoon at 8am yesterday, with the eye located 580km south of Naha city. It was moving north at 19kph. Today, China Airlines’ CI-120, CI-121, CI-122 and CI-123 flights between Taoyuan and Naha, Okinawa, have been canceled as well as CI-132 and CI-133 between Kaohsiung and Naha. EVA Air’s BR-112, BR-113, BR-186 and BR-185 flights between Taoyuan and Naha are also canceled. Low-cost carrier Tigerair Taiwan canceled IT-230,
Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun (鄭麗文) yesterday briefed her party’s Central Standing Committee regarding her scheduled visit to the US between Monday next week and June 16, saying that her purpose would be to persuade the US that the Republic of China (ROC) Constitution was a “one China” constitution that would foster stable and peaceful cross-strait relations. The ROC Constitution is the most important defense for all Taiwanese citizens, as it upholds our democracy and has contributed to our robust economy, which aligns with international and US interests, she said. “We would not be troublemakers and drag the US under,”
RSS