The Investment Review Council of the Ministry of Economic Affairs met today to approve three major investment projects, including e-commerce KupengNew Taiwan Dollar6.05 billion yuan capital increase project, engaged in online sales and warehousing management. There are two overseas investments made by China Trust and Qihong Technology, with a total amount of US$100 million, equivalent to approximately NT$3.169 billion.
In response to the increasing demand for e-commerce services, Coolpeng received an additional capital increase of NT$2.475 billion last year, which is planned to be used for logistics center expansion and other businesses. Today, the Ministry of Economic Affairs approved an overseas investment case for the American company COUPANG, INC. to invest NT$6,055,147,800 in COUPANG Co., Ltd. to operate e-commerce services, sell goods through online platforms, and manage its own warehousing.
According to Coolpeng’s plan, a third logistics center will be opened in Taiwan in the first half of this year. Each logistics center will create up to 1,800 new job opportunities. It is expected that thousands of new job opportunities will be created in the next few years.
In addition, 2 cases of foreign investment were passed today, includingchina trust commercial bankCo., Ltd. invested in Philippines CTBC BANK (PHILIPPINES) CORP. with a loan of US$50 million to engage in commercial banking business, mainly to support the liquidity stability needs of the Philippine subsidiary and the development of credit business.
The second case is that Qihong Technology Co., Ltd. invested US$50 million in Vietnam AVC TECH. (VIETNAM) CO., LTD., which is engaged in the production and processing of computer radiators, fans and casings. The purpose of the investment is Vietnam AVC TECH. (VIETNAM) ( VIETNAM) CO., LTD. expanded its factory and increased its working capital.
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