Taiwan High Speed Rail (THSR) presented a new system that aims to increase the public sector’s stake in the company. Under the proposal, NT$30 billion (894 million euros) will be raised by issuing shares to the government, the general public and THSR employees.
Government funds, including the pension fund and the labor retirement fund, will be tapped for the share acquisition. The public sector’s stake in THSR will grow from 22 percent to 25 percent, while the private sector’s stake will drop from 37 percent to 17 percent.
THSR said it expects a stable level of profitability after the financial reform.
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