$TWN

Taiwan’s Premier Cho Jung-tai said the Taiwan Food and Drug Administration and Taichung ordered Central Union Oil Corp (CUOC) to stop manufacturing after CUOC reported cooking oil with benzopyrene above legal limits. Authorities also pulled products from Taisun Enterprise, Fwusow Industry and Formosa Oilseed Processing. The DPP announced tighter testing, while KMT and TPP criticized the DPP and proposed FDA budget cuts.

The Taiwan Fund, Inc. (NYSE: TWN) reported net asset value per share of $116.90 as of May 31, 2026, up from $79.33 on Feb 28, 2026. Its NYSE share price was $99.15 on May 29, 2026, a 15.18% discount to NAV. Three-month total return was 47.36% vs TAIEX 26.12%.

President William Lai said food safety is the top priority amid a contaminated cooking oil incident. Taiwan’s FDA said Central Union Oil notified it that soy-based oil contained excessive benzopyrene; 1,300 tonnes were distributed to Taisun, Fwusow and Formosa. FDA ordered recalls/withdrawals, expanding to 360 companies, 18 products and 30 batches; listed retailers include Regent Taipei, Carrefour, Lian Hwa, Louisa Coffee and others.

Allspring Global Investments Holdings LLC reduced its stake in Taiwan Fund, Inc. by 9.3% in the third quarter, now holding 624,055 shares valued at $33.77 million. Taiwan Fund recently declared an annual dividend of $6.2002 per share, representing an exceptional yield of 1,171.0%. The stock opened at $54.70 and was trading up 2.5%, with a 52-week range of $26.45 to $59.99.