Chinese tour group bounced check problem may expand

“It's not the only travel company that could have financial problems. Other companies catering to Chinese tourists may have the same problem, and some shops could go under as well,” said Roget Hsu, secretary-general of the Travel Agent Association of the Republic of China.

According to the Tourism Bureau, Cathay Travel Service, which caters mainly to Chinese tourists, reported Wednesday bounced checks totaling NT$5 million (US$168,920), which left the company with no choice but to suspend its services due to a lack of funds.

The bureau added that the personal financial problems of Hsu Chun-hsiung, head of Cathay Travel Service, could have caused the trouble of the company.

A total of 15 Chinese tour groups, or 262 individuals, are currently traveling in Taiwan on Cathay tours, and they have been referred to another travel company to complete the remainder of their itineraries.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	Investors sell off shares in AU Optronics after price-fixing fine report

NEXT ARTICLE
US seeks US$1 bil., prison for AUO executives in LCD case

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit