By: Miao Zong-han and Ko Lin
Taipei, April 23 (CNA) Taiwan-based Want Want Holdings Ltd. published a statement in its newspaper Tuesday threatening to file a defamation suit against Chinese-language Apple Daily for a report that it considered as a smear of its establishment.
In order to preserve the interests and rights of its shareholders, the company will file legal action against the media outlet for defamation, the statement read.
Want Want is a food company founded in 1962 in Taiwan by tycoon Tsai Eng-meng (蔡衍明). It expanded its business operations into China in the 1990s, setting up production plants across the country.
The legal action threat came after Apple Daily reported that Want Want’s subsidiary in China, Want Want China Holdings Ltd., received up to 477 million Chinese yuan (US$71 million) in subsidies from the Chinese government between 2017 and 2018.