Taiwan's Investment Commission announced that it has confirmed its approval of five new investment projects during its latest application review. The approved projects total to an estimated amount of US$104 million.
Included in the approved investments is Jo Global Investment Pte. Ltd. from Singapore. The company plans to invest NT$1.03 billion, equivalent to US$34.44 million, into the Gold Century Paper Company of Taiwan.
Cayman Islands registered company Himax Imaging is investing NT$19.31 million for development of sensors and system chips. Another Pacific company, Desirable Returns Ltd. from the Virgin Islands, will invest an amount of NT$952 million in Taiwan's local real estate sector.
During the same meeting, several other Taiwanese investments were green-lighted. These newly approved investments comprised a total of over US$58 to be invested in neighboring China. The investments include of Taiwan Cement Corporation, which will invest in Liaoning province. Its rival, Asia Cement Corp, will invest in in the mainland as well.
A computer components manufacturer Primax Electronics Ltd. also secured approval to invest in China.
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