A planned US$ 790 million investment by Malaysia’s IOI Properties for a 37 percent stake in the owner of the Taipei 101 skyscraper ran into trouble after the Taiwan government said yesterday it was opposed to foreign control of the landmark: http://www.malaysiakini.com/news/282931
IOI had said on Friday it was planning to buy the stake in the Taipei Financial Centre for RM2.74 billion (US$ 789.74 million) from Ting Hsin International Group.
But Finance Minister Chang Sheng-ford told parliament yesterday that the centre should not be controlled by foreigners as it is a national landmark.
Taiwan opposes IOI’s stake in Taipei 101 owner
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The finance minister says the centre should not be controlled by foreigners.
