Reported 10 months ago
Since the investigation by the authorities at the beginning of this year, rumors have surfaced involving mainland Chinese capital Huatai Securities' involvement and former chairman of Shuohe Group, Ma Tinghai's investment of 600 million in Taichung luxury houses raising questions about fund flow. Huatai Securities claims to be intending to sell the debt rights, with Ma Tinghai's borrowings directed towards Taipei Sky Tower's construction; however, the funds were allegedly misappropriated, triggering suspicions of asset stripping. The investigation is ongoing to clarify the situation.
Source: YAHOO