The China Post
Date: December 20, 2016
By: Yuan-Ming Chiao

The Ill-Gotten Party Assets Settlement Committee (IGPASC) has confirmed it held secret talks with the Kuomintang (KMT) aimed at resolving an ongoing legal battle over the fate of the opposition party’s assets.

But the closed-door negotiations failed to reach a conclusion over ongoing legal conflicts or to determine the fate of the party’s assets following a committee order to seize the KMT-linked Central Investment Corp. (CIC) and Hsinyutai Co, according to local media.

An eight-point administrative contract proposed as a means to overcome legal fights over the freezing of KMT assets and government moves to nationalize the two firms, was rejected by the KMT.    [FULL  STORY]