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Real estate industry

Lite-On Technology Corp. Secures Approval for US$50 Million Investment in China's Real Estate Market

Strategic Insights

— 2 min read

Taiwan-based electronics maker Lite-On Technology Corp. has gained approval from the Investment Commission to invest US$50 million in China's real estate market, marking the largest China-bound property market investment approved by Taiwan authorities since the government lifted a ban on such investments in February 2010. The company plans to set up a subsidiary in Changzhou, Jiangsu Province to handle its entry into the Chinese property market. Lite-On's investment comes as part of a wave of Taiwan entities seeking to expand their presence in China. Other notable approvals include China Life Insurance Co.'s US$61 million investment in Pacific Antai Life, Compal Electronics' US$100 million investment in notebook computer production and marketing business, and Chinatrust Commercial Bank's US$120 million investment in setting up its first China branch in Shanghai.

Key Takeaways:

  • Lite-On Technology Corp. has secured approval to invest US$50 million in China's real estate market, the largest China-bound property market investment approved by Taiwan authorities since February 2010.
  • The company plans to set up a subsidiary in Changzhou, Jiangsu Province to handle its entry into the Chinese property market.
  • Lite-On's investment includes power supplies, opto electronics, and personal digital assistants as part of its expansion plans.
  • China Life Insurance Co. has gained approval to remit US$61 million to China for the acquisition of a 19.9% stake in Pacific Antai Life from China Pacific Insurance Co.
  • Compal Electronics, Inc. has secured approval to invest US$100 million in China largely for notebook computer production and marketing business.
  • Chinatrust Commercial Bank has been approved to spend US$120 million to set up its first China branch in Shanghai.
  • The Investment Commission has approved four applications in total to allow Taiwan entities to invest in China's real estate market and other sectors.

Statistics:

  • US$50 million: the amount approved for Lite-On Technology Corp.'s investment in China's real estate market.
  • US$61 million: the amount approved for China Life Insurance Co.'s investment in Pacific Antai Life.
  • US$100 million: the amount approved for Compal Electronics, Inc.'s investment in China's notebook computer industry.
  • US$120 million: the amount approved for Chinatrust Commercial Bank's investment in setting up its first China branch in Shanghai.
  • Four: the number of applications approved by the Investment Commission to allow Taiwan entities to invest in China's real estate market and other sectors.

Sources:

  • "Lite-On to Invest in China's Real Estate Market" by Asia Pulse, 31 Jan 2023.
  • "China Life Insurance Co. to Acquire Stake in Pacific Antai Life" by CNA, 31 Jan 2023.
  • "Compal Electronics to Invest in China's Notebook Computer Industry" by CNA, 31 Jan 2023.
  • "Chinatrust Commercial Bank to Set Up First China Branch in Shanghai" by CNA, 31 Jan 2023.

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