{
    "success": true,
    "data": {
        "id": 1389795,
        "msgid": "taiwan-fund-expects-25-returns-in-seasia-1447893297",
        "date": "1998-03-18 00:00:00",
        "title": "Taiwan fund expects 25% returns in S.E.Asia",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "Taiwan fund expects 25% returns in S.E.Asia TAIPEI (Reuters): Taiwan's China Development Corp said yesterday it and other backers of a T$20 billion private Southeast Asia Fund expect 25 percent annual returns from their investments in the financially battered region. \"We are looking at very profitable opportunities there,\" China Development president Benny Hu told reporters. \"We can expect 25 percent annual returns from the investments,\" Hu said.",
        "content": "<p>Taiwan fund expects 25% returns in S.E.Asia<\/p>\n<p>TAIPEI (Reuters): Taiwan's China Development Corp said<br>\nyesterday it and other backers of a T$20 billion private<br>\nSoutheast Asia Fund expect 25 percent annual returns from their<br>\ninvestments in the financially battered region.<\/p>\n<p>\"We are looking at very profitable opportunities there,\" China<br>\nDevelopment president Benny Hu told reporters.<\/p>\n<p>\"We can expect 25 percent annual returns from the<br>\ninvestments,\" Hu said.<\/p>\n<p>China Development, a leading Taiwan venture capital and<br>\ninvestment firm, is at the forefront of a government-inspired<br>\ndrive whereby Taiwan will lend a helping hand to the battered<br>\nregion through private investments and possible state aid.<\/p>\n<p>Taiwan has used the drive as a means of defying a diplomatic<br>\nembargo enforced by arch rival China, which has warned southeast<br>\nAsia not allow to the wealthy Nationalist-ruled island to exploit<br>\ntheir difficulties for its own political gain.<\/p>\n<p>Several high-profile Taiwan companies have committed to<br>\njoining the T$20 billion (US$620 million) Southeast Asia Fund,<br>\nwhich was announced in recent weeks.<\/p>\n<p>Hu said a holding company for the fund would be set up within<br>\nthree months.<\/p>\n<p>Hu said the private fund would invest 70 percent in listed<br>\nstocks in southeast Asia, with the remaining 30 percent slated<br>\nfor unlisted companies.<\/p>\n<p>Hu played down local media reports that the fund had decided<br>\nto invest US$100 million in Malaysian stocks, saying actual<br>\ninvestment in Malaysia could be \"far more\" than that.<\/p>\n<p>\"I don't know where this magic number came from. We have not<br>\nmade any decision since we are still in the process of forming<br>\nthe holding company,\" Hu said.<\/p>\n<p>\"Actually we could invest far more than US$100 million in<br>\nMalaysia stocks.\"<br>\nHu said Malaysia and Thailand looked especially promising.<\/p>\n<p>\"Thailand and Malaysia have a lot of opportunities. We need to<br>\ngrasp these opportunities,\" he added.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/taiwan-fund-expects-25-returns-in-seasia-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}