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June 23, 2017

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Kuomintang says it has relinquished 216 pieces of real estate since 2001

TAIPEI, Taiwan -- Kuomintang (KMT) spokesman Charles Chen (陳以信) said yesterday that the ruling party began tallying its assets since 2000, and up until July this year, it has relinquished 216 pieces of real estate.

The statement was made in response to reports in the media accusing the ruling party of reneging on its promise to relinquish its assets.

The KMT began tallying its assets in June 2000, and it began handing back pieces of real estate to the government in September in the following year, Chen said.

As of July this year, 216 pieces of real estate have been relinquished, with the latest being a piece of land that was given back to the Xinpu Township Office (新埔鎮公所) in Hsinchu County, in accordance with the Central Standing Committee resolution made in August, Chen said.

Relinquishing all pieces of real estate that it was given is an established policy of the KMT, and the ruling party will, according to relevant regulations, step up the process in relinquishing the three remaining pieces of realty, Chen said.

Regarding the issue of party-owned businesses, Chen said that on June 27, 2007, the KMT handed over the entirety of its stake in the Central Investment Co. (中央投資公司) over to a trust, pledging not to get involved in its management.

The KMT has made at least five attempts at auctioning off companies owned by it, but those five attempts failed, Chen said.

Although the KMT wasn't pleased with the results, it cannot sell off its assets cheaply because that would constitute a breach of trust, Chen said, adding that the ruling party will continue to make efforts at auctioning the companies off.

The KMT has pledged that it will donate a portion of the proceeds to charity, Chen said.

After eight years of investigation, the Special Investigation Division recently closed its case against the KMT over the selling of its assets, saying that no irregularities were found, which proves that the KMT's management will stand up to scrutiny, Chen said.

The CBC Case

Meanwhile, the Supreme Court recently ruled that the Broadcasting Corporation of China (中廣, CBC) must return more than 5,000 ping (16,500 square meters) of land worth over NT$10 billion in New Taipei's Banqiao District to the Ministry of Transportation and Communications, ending a lawsuit that lasted a decade. According to local reports, the CBC used to be owned and managed by the KMT up until 2005.

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