The Ministry of Economic Affairs’ Investment Commission has approved a total of 27 applications by Taiwan companies to invest in mainland Chinese and overseas firms, and by foreign and mainland enterprises to invest in Taiwan.
At its meeting Sept. 29, the commission reviewed and gave the green light to the 27 planned investments totaling more than US$660 million in value.
Among the approved applications were three by overseas firms to invest in Taiwan companies, amounting to US$20.67 million, as well as 11 by mainland enterprises totaling US$14.26 million, according to a news release by the commission.
Hon Hai Precision Industry Co. Ltd. was the only Taiwan enterprise to be granted approval for an overseas investment, valued at US$140 million. Meanwhile, 12 local firms were given the go-ahead to invest in mainland Chinese businesses, with the planned investments amounting to roughly US$486 million, the commission said.
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