Taiwan authority okays CMO investment on mainland

Taiwan-based TFT-LCD manufacturer Chi Mei Optoelectronics ("CMO") has finally got approval from the island's economic authority for a logistics investment on the mainland after submitting a supplementary statement on its financial conditions.

Only a 1 million US dollars deal, the investment plan should have been approved easily. However, due to remarks supporting the mainland's "Anti-secession Law" made by CMO founder Xu Wenlong, the case has met a twist and drawn wide attention. A demand by Taiwan economic department for further materials once made people believe it was setting obstacles on purpose.

By People's Daily Online