Investment Commission negligent: NPPCONCERN: Kerry TJ Logistics, which controls a firm that provides logistics services at Taiwan’s two main science parks, has filed an equity transaction with a Chinese firmBy Shelley Shan / Staff reporterThe New Power Party (NPP) yesterday accused the Investment Commission of negligence for allegedly not investigating whether a firm that controls the logistics services of Taiwan’s two main science parks is funded by Chinese investors. Huang said that Kerry TJ was funded by Chinese investors after it announced an equity transaction with China’s SF Holding Co in February. HCT Logistics in 2018 sold its 55 percent stake in Science Park Logistics to Kerry TJ, he added. Investment Commission Vice Executive Secretary Lu Cheng-hui (呂貞惠) said that Kerry TJ reported its equity transaction in February. “We consulted the Southern Science Park Administration, which told us that Science Park Logistics does not have to be more than 50 percent owned by state-owned corporations,” she said.

Source: Taipei Times July 27, 2021 15:56 UTC