(photo credit: JPOST STAFF)
China's Industry Minister, Miao Wei, said on Saturday that self-ruled Taiwan should be more open to Chinese investment after two high-profile cross-Taiwan Strait deals fell through.
Taiwan's ChipMOS Technologies in November said it had scrapped a planned $373 million stake sale to China's Tsinghua Unigroup due to uncertainty about Taiwanese regulatory clearance. It's the second deal in as many months between the mainland's Unigroup and a Taiwanese firm to fall through.
The share sale was spiked due to political considerations, industry analysts said, following intense scrutiny when the independence-leaning Democratic Progressive Party (DPP) came to power in Taiwan last year.