The Chinese Nationalist Party (KMT) yesterday announced it would terminate a contract with a financial trust company handling its party assets, in a move that would allow the party to resume its grip on assets estimated at NT$33 billion.
Fearing that the KMT will take the opportunity to sell assets it improperly acquired during its 50-year reign, Cabinet officials yesterday unleashed a fresh round of rebukes, and threatened to revoke the operating licenses of China Television Company (CTV) and Broadcasting Corporation of China (BCC) on Friday, if the companies are found to have violated related laws.
KMT Spokesperson Alex Tsai (???) said that the party has decided not to renew its contract with Credit Suisse First Boston to handle its assets.
http://www.taipeitimes.com/News/front/archives/2004/09/23/2003203951
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