Ex-CAA chief, airline head questionedTAIPEI, Taiwan -- Former Civil Aeronautics Administration (CAA) chief Chang Kuo-cheng (張國政) and TransAsia Chairman Vincent Lin (林明昇) were subpoenaed Thursday as part of a probe into a takeover offer for TransAsia Airways (復興航空). Chang said yesterday that it wasn't he who had wanted to announce an offer on Tuesday to take over the troubled airline. Commenting on the decision to announce the offer, Chang said, "I called the transportation minister and told him that I'm taking over (TransAsia)." "Lin told me, 'Whether you take over the airline doesn't matter, because I'm going to dissolve anyway,' but 'according to procedure, it's best to make it public,'" Chang said. 'Serious about taking over'Chang told press after interrogations that he "hadn't thought about stock prices from beginning to end."

Source: The China Post December 01, 2016 16:05 UTC