A board of directors meeting sees the East Asian steel company make a move into clean energy.
Taiwan-based metal producer China Steel (CSC) has committed TWD$500m ($17.3m) to set up a venture capital (VC) company, provisionally called TaiAN Green Energy and BioTech Venture Capital.
The corporate venturing subsidiary is being launched to focus on sustainable energy investments, such as biotech and green energy, and will be managed by CSC subsidiary TaiAn Technologies.
CSC is looking to attract a further TWD$1bn from domestic businesses and the National Development Fund, a public fund intended to subsidise Taiwanese…
