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Marshall Islands Focus: Current Event Forum Findings ff

30 October 2007 Marshall Islands
Koo Denies Role of Matchmaker for China Purchase of Tuna Plant

The China news source reported October 19 about the controversy revolving around Koo Kuan-min, a prominent businessman and leader of the Taiwan independence movement, who has commercial connections with the Republic of the Marshall Islands.

He is being accused of providing assistance to China when he sold two of his old fishing vessels to a fishing company in Shanghai. He said it was a pure commercial decision without any ideological slant.

Koo who runs a major tuna fishing company with many ocean-bound purse seiners, was criticized by a leader of the overseas Taiwanese business community in the Marshall Islands in the Pacific for not only selling his fishing ships to China but also playing a key role to help his Chinese buyer to buy a tuna cannery there.

Koo has denied playing the role of a matchmaker to help guide Chinese capital to purchase the tuna can factory in the Marshall Islands.