KMT divided on assets committee decision: sources

Taipei Times
Date: Nov 28, 2016
By: Stacy Hsu / Staff reporter, with CNA

The Chinese Nationalist Party (KMT) is said to be divided on how the party should react to the Ill-gotten Party Assets Settlement Committee’s decision on Friday to nationalize the party’s shareholding rights to two KMT-affiliated companies, with some pushing for administrative litigation and others calling for protests, sources said.

The Executive Yuan-affiliated committee made a decision after convening a meeting on Friday to order the KMT to transfer all its rights to shares issued by Central Investment Co (中央投資公司) and Hsinyutai Co (欣裕台) to the government.

The KMT is planning to file for administrative litigation requesting the suspension of the order after receiving a letter of disposition from the committee.

According to a KMT member, who spoke on condition of anonymity, the most effective approach would be legal and political action, which is why the KMT is planning to file for administrative litigation and even request a constitutional interpretation should the court rule against it.    [FULL  STORY]

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