Hongtai Life's Tamsui Land Sale Under Investigation for Securities Transaction Act Violations; Lin Hongnan Bailed for 10 Million TWD
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100/100
AI Summary (NQ-processed)
Prosecutors are investigating Hongtai Life for alleged violations of the Securities Transaction Act during the sale of land in Tamsui in 2019. Authorities searched Hongtai Life and other locations, questioning group leader Lin Hongnan and others. Lin was bailed out for 10 million TWD with travel restrictions. A former chairman and several executives also posted bail and face travel bans. Hongtai Life stated it operates with integrity and will fully cooperate with the investigation.
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