Taiwan to set up national investment company by end-August

Focus Taiwan
Date: 2017/07/03
By: Chen Cheng-wei and Frances Huang

Taipei, July 3 (CNA) Taiwan is planning to set up a national investment company by the end of August

ung Ming-hsin (龔明鑫)

to speed up the pace of technology innovation in the country, National Development Council (NDC) deputy chief Kung Ming-hsin (龔明鑫) said Monday.

In its initial phase, the national investment firm, called Taishan Investment and Management Co. Ltd. (台杉投資管理股份有限公司), will have paid-in capital of NT$250 million (US$8.22 million), Kung said.

Over the longer term, the investment entity is hoping to raise NT$10 billion in funds for future investments.

Kung said the Internet of Things will likely be the first sector targeted by the company, and then it will look to a wide range of other high-tech opportunities, including in the semiconductor, green energy, smart machinery, and national defense sectors.    [FULL  STORY]

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