Article Abstract:
Taiwanese art collector Lin Ming-che is hoping to open a gallery to house his vast collection of contemporary Chinese oil paintings. Lin made his fortune in construction during Taiwan's building boom. Since then he has invested heavily in the collection of Chinese art, and has amassed roughly 2,000 paintings. He plans to acquire 10 times that amount, and says he is not motivated by money, but rather a love of Chinese culture. However, his contributions to Sotheby's Oct 1992 and Mar 1993 auctions in Taipei managed to net him a significant profit.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
Taiwan is moving ahead with its plan to privatize 22 state-owned enterprises as part of its bid to become a GATT member. However, many problems continue to plague the country's divestmentprogram, as efforts to sell certain firms proved to be a failure on the part ofthe government. Investment observers believe that the Taiwanese government mustlearn to adopt the proper capital-market changes and political will in order todevelop a more workable privatization process.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
Giant food firm Nestle has been granted access into China through a joint venture with Hong Kong-based Dairy Farms. The enterprise would engage in ice cream production. Nestle paid the Hong Kong firm HK$1.3 billion equivalent to US$167 million for the contract. The venture is expected to be successful and is intended to be the first of a series of investments of the Swiss firm in China.
User Contributions:
Comment about this article or add new information about this topic: