+1-518-621-2074 | US-Canada Toll Free Contact Us

NT$3.8 Billion Hon Hai Precision Industry’s BOT Project Resumes its Construction

about us

Published on : Feb 06, 2015

The much hyped construction of the Syntrend Creative Park, Hon Hai Precision Industry’s BOT (build-operate-transfer) project with the Government of Taipai City resumed on Thursday. 

Gou Shou-cheng, Chairman, Syntrend and the eldest son of Terry Gou, Chairman, Hon Hai made this important announcement in front of the media. Younger Gou had an elaborate meeting with the Taipei government officials that lasted for more than two hours on Thursday, after which he expressed the possibility of Syntrend selling off shares to the public. 

Not everything was well between the Hon Hai Group and the Taipei City Government. The statement made by younger Gou on Thursday, however drew a curtain on the heated standoff between them.

In a high octave drama that unfolded on January 16, the electronics manufacturer Hon Hai, enraged by Government’s claim that NT$1 billion lease payment disbursed for the BOT site was insufficient, published a half a page ad on all major newspapers asking the government to publicly reveal all the documentations related to the bidding process of BOT project within the next 48 hours. 

The company later went on to declare that it would not resume work until the government agrees to declare the legality of the bidding process. But Taipei Government was in no mood to oblige to this demand. 

On 22nd Gou Shou-cheng for the first time paid a visit to the city government with an aim of reconcile disputes. However, Gou dint reveal any details of the meeting other than saying that the talks went smooth. 

After the construction of the NT$3.8 billion BOT project resumed yesterday, Gou said that Syntrend shared the common objective of creating commercial opulence in the district around Guang Hua Digital Plaza with the Taipei Government. Hence, both the parties proactively arrived at a consensus to resume the ambitious project.