Taiwan rejects China’s Luxshare investment in Merry Electronics

Date: June 30, 2016

Taiwan said it had rejected a plan by China’s Luxshare Precision Industry Co to invest in Merry imagesElectronics Co on Thursday, the first rejection of Chinese capital in a technology firm under the new Democratic Progressive Party government.

Scrutiny of Chinese investment has intensified since Taiwan President Tsai Ing-wen of the DPP took office in May, with $1 billion in investment in Taiwan’s chip sector planned by Beijing-backed Tsinghua Unigroup still awaiting approval.

Merry Electronics, which makes headsets, speakers, amplifiers and other small acoustical devices, is considered a market leader in its field and in Taiwan and Thursday’s decision was issued by the Investment Commission, which reviews inbound and outbound investment.     [FULL  STORY]

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