A deal for selling the Taiwan edition of Next Magazine is under review but can be blocked if sourced from a Chinese investor.
By: Juvina Lai, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – The sale of Next Magazine to a Hong Kong group needs
approval from the Taiwan government but could be rejected if funding is sourced from China.
On Monday, the Investment Commission confirmed the news of the new deal that is currently under the government’s review. Hong Kong-based Next Digital Ltd. wants to sell properties including the Hong Kong and the Taiwanese editions of Next Magazine to another Hong Kong-based media group.
Chu Ping (朱萍), a section chief of the commission, said that the Next Digital media group wants to sell its magazine assets in Taiwan, although the deal is under review it could be blocked if any Chinese investor is involved as the magazine is part of the local publishing industry. [FULL STORY]