The move – the latest in Beijing’s efforts to crack down on entities it deems as supporting Taiwanese independence and separatist activities – comes on the heels of media reports that revealed connections between the company and mainland Chinese businesses.
On Thursday, Zhu Fenglian, spokeswoman for the mainland’s Taiwan Affairs Office (TAO), said Beijing had identified Shen Tu-cheng – the father of Shen Pao-yang, also known as Puma Shen – as the leader of Sicuens International Co Ltd.
The younger Shen, whom the office has called a “stubborn Taiwan independence figure”, already appears on the sanction list.
According to Zhu, investigations confirmed that the Taiwanese company had engaged in trade relations and business cooperation with certain mainland Chinese enterprises to seek economic benefits.
“The mainland will never permit businesses affiliated with staunch supporters of ‘Taiwan independence’ to seek profits on the mainland,” Zhu said.
