In the lastest news that is related to national security, Taiwan government has rejected the bid from a Hong Kong-based Consortium as well as a Malaysian property developer in order to construct the “Taipei Twin Towers”. The Ministry of Economic Affairs
This bid was put in place by Nan Hai Development Ltd. of Hong Kong and Malton Berhad of Malaysia who qualified in December last year for the bidding process and they were also the most-favored bidders for this mutli-billion project located in the West of Taipei. However, the current events in Hong Kong have not helped the Taiwan government accept this bid. It is also said that the Hong Kong-based consortium has close ties with China which is why there bid was rejected.
Spokesperson of the MOEA’s Investment Commission revealed that “the award of the contract to the two companies has been revoked” for this reason. Nan Hai is seen as a Chinese-funded enterprise because of the financial statements of the patent company revealing that Nan Hai’s administrative center and most of their employees and business operations are based in China. Also, more than half of the board members of parent company of Nan Hai are Chinese citizens added Yang.
Yang also added that “Given the pilot project is located in a specially designated area within Taipei Railway Station, which is the hub of Taipei’s metro, bus, high-speed rail and train systems, the project cannot be carried out by a consortium with such close links to China”.
She also revealed that the company still has 30 days left to for the right to appeal against this decision in the Cabinet. It is known that the two companies have placed NT$1 billion in funds inside Taiwan and have branch offices in Taipei as well.