KINMEN KAOLIANG LIQUOR INC.

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The privatization schedule of KKL was following the Taiwan 87 Financial Bill #00763 Official Letter issued by the National Executive Yuan, which instructed KKL to finish its privatization process before June 2000. However, between 1999 and 2000, the Government Monopoly Regulation had not terminated. As a result, the National Executive Yuan rescheduled the privatization timeline such that KKL would start its share issue privatization process once the Tobacco & Liquor Management Regulation was in place.
After the new regulation came into effect, share issue privatization would supposedly begin for the interest of the public. However, in considering the recent recession of the domestic economy and the market opening to new industrial competition, KKL no longer occupied any advantage in the marketplace.
As timing is the key to success in privatization, KKL is currently formulating its most favorable schedule. In the future, the privatization process will continue once given the go-ahead by the approving government bodies.

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