Formosa Plastics Group

Next's sale of Taiwan print arm collapses

An attempt by a pro-China Taiwanese businessman and three associates to purchase the Apple Daily and Next Magazine has fallen through. Photo:EPA

Next Media's sale of its Taiwanese print business has fallen through a day before the deadline, but the sale of its television operation continues, a spokesman said yesterday.

Wednesday, 27 March, 2013, 4:50am

Jeffrey Koo removed as leader of Next Media buyout consortium

Next Media, which has a building in Taipei, Taiwan, has sold its print and television arm for HK$4.66 billion. Photo: CNA

Next Media, a company controlled by Hong Kong tycoon Jimmy Lai Chee-ying, has disclosed more details of the recently agreed sale of the company's Taiwan print and TV businesses to a group of Taiwanese businessmen, after changes in the composition of the consortium.

14 Dec 2012 - 3:00am

Next Media to push through with Taiwan assets sale

Next Media suspended.

Media tycoon Jimmy Lai Chee-ying is expected to close the NT$17.5 billion (HK$4.7 billion) deal to sell Next Media's print and TV holdings in Taiwan as planned this Saturday, following efforts by the buyers to comply with regulatory restrictions.

15 Nov 2012 - 6:55am

PLA escorts Taiwanese ship in historic mission

The People's Liberation Army provided a historic naval escort for a Taiwanese vessel yesterday, in pirate-infested Somali waters.

The PLA naval expeditionary force was escorting its second convoy in the trouble waters near the Gulf of Aden, Xinhua said.

13 Jan 2009 - 12:00am

Haicang zone undimmed by giant's change of heart

Formosa Plastics Group sparked a wave of Taiwanese investment when it announced plans to build a US$7 billion petrochemical complex in the Haicang investment zone in the late 1980s.

In the event, the Taiwanese plastics giant built only two PVC pipe and parts factories with a total investment of US$79.81 million.

12 Jun 1997 - 12:00am

Formosa move 'won't stop investors'

The influx of Taiwanese investments will not be affected even if Formosa Plastics Group withholds its power plant project in Zhangzhou, officials from Fuzhou, the capital of Fujian province, say.

4 Apr 1997 - 12:00am

National grid to tap into Formosa

China has agreed to purchase electricity from Formosa Plastics Group's Zhangzhou Houshi power plant at a fixed price for 10 years.

22 Aug 1996 - 12:00am

Formosa close to power deal

Formosa Plastics Group, one of Taiwan's largest business groups, is close to signing a US$1 billion agreement to build power plants in China, the Commercial Times says.

19 Apr 1996 - 12:00am