TAIPEI (AFX-ASIA) – YC Wang, chairman of the Formosa Plastics group, has signed a letter of intent with the provincial government of Henan, China to invest 60 billion yuan or NT240 billion, the Economic Daily News reported with specifying a source. (US$1=8.27 yuan, NT$33). Of the total, 20 billion yuan will go to a coal-fuelled…

TAIPEI (AFX-ASIA) – YC Wang, chairman of the Formosa Plastics group, has signed a letter of intent with the provincial government of Henan, China to invest 60 billion yuan or NT$240 billion, the Economic Daily News reported with specifying a source. (US$1=NT$33, 8.27 yuan). Of the total, 20 billion yuan will go to a coal-fuelled…