From Focus Taiwan

Taipei, June 22 (CNA) Taiwan’s Investment Commission said Saturday that it has approved five foreign investment projects in its latest application review meeting, with the total value of the projects reaching US$104 million.

Among the five approved projects, Singapore-registered Jo Global Investment Pte. Ltd. is planning to invest about NT$1.03 billion (US$34.33 million) in Taiwan’s Gold Century Paper Co.

Himax Imaging Inc., which was registered in the Cayman Islands is planning to invest NT$19.31 million in sensor and system chip development, while Desirable Returns Ltd. of the Virgin Islands has secured approval to invest about NT$952 million in the local real estate market.

In the same review meeting, the commission also gave the green light to three applications in which Taiwanese investors are planning to invest a total of US$58.38 million in China.

Among the three China-bound investment projects, Taiwan Cement Corp. will invest 109 million Chinese yuan (US$17.41 million) in Liaoning province, while rival Asia Cement Corp. aims to invest more than US$20 million to expand its production facilities on the mainland.

Computer component maker Primax Electronics Ltd. meanwhile secured approval from the commission to invest US$20 million in China for the production of a wide range of devices, including scanners, multi-functional machines used in offices and computer mice and keyboards.

In addition, the commission has also approved four applications from Chinese investors to pour a total of US$4.91 million into Taiwan’s electronics component production, fertilizer supply, fishery product wholesale business and chemical material manufacturing.

(By Lin Meng-ju and Frances Huang)

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