Far Eastern Group

Far Eastern Group is a well-known diversified conglomerate in Taiwan. It owns several listed companies, including Far Eastern New Century, Far Eastern Department Stores, and Far Eastern International Bank, with businesses spanning textiles, petrochemicals, cement, retail, and finance. The group was founded by Mr. Hsu Yu-Ziang, but the exact year of its founding is unknown.

• 2021

  Authorities penalize Far Eastern Group businesses in mainland China

  In a statement, a spokesperson for the Taiwan Affairs Office said that relevant departments had imposed fines, recovered taxes, ordered rectification by a deadline and reclaimed idle construction land from Far Eastern Group businesses in several mainland Chinese provinces. The spokesperson said enforcement of the alleged violations was continuing. The statement did not specify the provinces involved, the amounts of the fines or recovered taxes, or the size of the land concerned. It also did not identify the specific violations attributed to the businesses. The measures were described as responses to alleged violations, and the spokesperson indicated that the handling of those matters had not concluded.

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1. 1Authorities penalize Far Eastern Group businesses in mainland Chinayicai.com
2. 2台远东集团违法违规被罚约4.74亿元 国台办回应news.china.com