Sunday, July 27, 2014

Taiwan media deal sparks anti-China protest

February 19. 2013 7:16PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) The expected sale by Hong Kong media mogul Jimmy Lai of his Taiwan holdings to a group that includes an outspokenly pro-China businessman has sparked protests in Taipei. Demonstrators fear the deal will greatly expand Chinese influence on the democratic island.

Lai spokesman Mark Simon said he expected the Taiwan dollars 17.5 billion ($601 million) deal to be signed late Tuesday in Macau.

It involves the sale of the Taiwanese editions of Apple Daily and Next magazine, as well as Next TV to businessman Tsai Eng-meng, banking scion Jeffrey Koo Jr., and Formosa Plastics Group president Wang Wen-yuan. The deal requires approval by Taiwan regulators.

About 100 protesters gathered outside the Cabinet offices to lambast Tsai, well known for his pro-China attitudes and his extensive business interests on the mainland.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds