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.