By WilliamKao 高為邦
Original Article Link HERE
Friday, Sep 21, 2007, Page 8
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`Those illegally seizing the property of Taiwanese businesspeople in China are not the few people we see in public but the authorities behind them. '
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Amid a management dispute over the Taiwanese-Chinese Shin Kong Place joint-venture in Beijing,
Chinese Beijing Hualian Group forcibly took over ownership of the department store by bringing in more than 200 "security officers" before firing all Taiwanese executives without warning, accusing them of accepting bribes relating to the construction of the store.
Steven Wu (吳昕達), general manager of Shin Kong Place, was asked to get off a plane and detained in Beijing. After massive media coverage of the dispute, China's Taiwan Affairs Office broke with its ridiculous but established practice of not meddling in "business disputes," and Wu was able to return to Taiwan after five days of house arrest.
Taiwanese were utterly astonished by Beijing Hualian's illegal and predatory behavior because they don't understand the facts about investing in China.
As a matter of fact, thousands of cases in which joint ventures were seized by the Chinese party share a similar process: A joint-venture is established, the Chinese party breaks the contract, then looks for faults, people from the other party are detained and the Chinese party takes over complete ownership.
The TAO said the dispute was simply a misunderstanding.
But if this is the case, shouldn't Beijing Hualian Group unconditionally return the management rights to Shin Kong?