Taiwan IC approves glass fibre venture

13 July 2001

The Investment Commission said it has approved 29 outbound and inbound investment applications, including 21 China-bound ventures for a combined 187.35 mln usd.

It approved Taiwan Glass Industry Corp's application to remit 35 mln usd for setting up a glass fibre venture on the mainland and use 5.88 mln usd in its overseas deposits for a further capital injection to its Qingdao unit, the commission said in a statement.

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