21 February 2019

Taiwan allows investment in Fujian petrochem zone, paper says

Taiwan’s Executive Yuan said will allow seven firms from the island to jointly invest in a plant at the planned petrochemical zone on the Gulei Peninsula in Zhangzhou, Fujian province, the Economic Daily News reported Wednesday, citing a statement from the government body. The firms will invest a combined 100 million yuan (US$16.33 million) through a shareholding company that will be set up in Hong Kong, while the mainland investors will also put in 100 million yuan. Construction of the plant is expected to start as soon as late 2014 or early 2015, the report said.

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