KMT staff to protest against assets seizureTAIPEI, Taiwan -- Kuomintang (KMT) employees from seven of the party's northern chapters plan to "take a stroll" in Taipei Tuesday in response to the government's decision to appropriate the party's assets. According to a United Evening News report, employees will "take a walk" to the headquarters of the Ill-Gotten Party Assets Settlement Committee (IGPASC), a Cabinet-level agency created for the express purpose of liquidating the KMT's assets, after a scheduled briefing at party headquarters on organizational downsizing. Local chapters participating include: Taipei, New Taipei, Keelung, Yilan, Taoyuan and Hsinchu (city and county). Meanwhile, a special task force will be formed as soon as this week to decide which government bodies will receive the ill-gotten party assets seized from the KMT, Cabinet spokesman Hsu Kuo-yung confirmed. The Central Investment Co. and Hsinyutai Co. — investment companies operated by the opposition party — were recently deemed by a Cabinet committee to be ill-gotten assets and thus must be transferred to the state.

Source: The China Post November 28, 2016 16:19 UTC