Taiwan's Koo Group will send a team of financial experts to study the state of the Malaysian securities market with a view to organising a fund from private Taiwanese investors to make investments in the Kuala Lumpur stock market.
Chinatrust Commercial Bank chairman Jeffrey Koo Lien-sung announced this after a meeting with Malaysian Deputy Prime Minister Anwar Ibrahim, who arrived in Taipei yesterday on a two-day visit.
'Now is a good time to look into investments as the situation in Malaysia has improved and the securities market appears to be recovering,' he said.
'Other individuals may have their own arrangements. We will send a team of experts to study the state of the securities market who will report their findings to interested private investors,' Mr Koo said.
'We may then organise an investment fund and make investments based on the analysis.' He declined to discuss the scale of the proposed fund as that would be related to the results of the market study.
Mr Anwar, accompanied by Malaysian officials, including a deputy finance minister and deputy central bank governor, met Premier Vincent Siew Wan-chang and Central Bank of China governor Sheu Yuan-dong before his talks with Mr Koo.
