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Taiwan opposes Malaysia's IOI taking control of Taipei Financial Center
December 8, 2014 / 3:32 AM / 3 years ago

Taiwan opposes Malaysia's IOI taking control of Taipei Financial Center

TAIPEI, Dec 8 (Reuters) - Taiwan’s finance minister said on Monday he opposed Malaysia’s IOI Properties seeking management control of the Taipei Financial Center as it was a national landmark.

The Malaysian company said on Friday it has agreed to buy a 37 percent stake in the center, which owns the Taipei 101 skyscraper, for 2.74 billion ringgit ($789.74 million) .

“As Taipei 101 is Taiwan’s important landmark, its management should not be controlled by foreigners,” Finance Minister Chang Sheng-ford told parliament. (Reporting by Jeanny Kao; Writing by Faith Hung; Editing by Simon Cameron-Moore)

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