Taiwan firm eyes SE Asia

Taiwan firm eyes SE Asia

TAIPEI (Dow Jones): The Southeast Asia Investment Holding
Corp., a venture capital company led by China Development Corp.,
began operations Nov. 1 and is actively looking for investment
opportunities in the region, an official of the holding company
said Monday.

The new company has an initial paid-in capital of NT$10.1
billion that is available for immediate investment, but that
figure will grow to NT$30 billion as capital is increased in
stages, said the official, who asked for anonymity.

Southeast Asia Investment was formed by investments from 28
corporate groups in Taiwan.

The new company's chairman is Liu Tai-ying, the chairman of
China Development, and the president is Benny Hu, president of
China Development.

The company sent an investment group to Thailand in September
to look for investment opportunities there, and is currently
studying the political turmoil in Malaysia and its possible
impact on foreign investment in the country, said the official.