NDC close to announcing head of new government investment firm

Focus Taiwan
Date: 2017/03/09
By: Chen Cheng-wei and Lilian Wu

Taipei, March 9 (CNA) The National Development Council (NDC) is close to announcing the head of a new government investment company, NDC Deputy Minister Kung Ming-hsin (龔明鑫) said Thursday.

Kung said the candidate has considerable experience in the field of international investment, adding that he expects to confirm the appointment within a month.

Media reports have identified several prospective candidates for the post, including Stan Shih (施振榮), founder of computer manufacturer Acer Inc., Lin Hsin-I (林信義), former vice premier and Morris Chang (張忠謀), chairman of Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker.

Kung said that the investment company hopes to raise NT$10 billion (US$322.6 million), with the Executive Yuan’s National Development Fund contributing 40 percent of the fund and 60 percent coming from the private sector.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.