On 10 September 2015 the Japan Bank for International Corporation (JBIC ) signed a shareholders' agreement with Japanese KH Neochem to participate in Taiwan-Japan Oxo Chemical Industries Inc.
The agreement subscribes preferred shares amounting to a maximum of USD 50 million. Taiwan-Japan Oxo Chemical Industries Inc. (TJOC) is jointly established by the Japanese company KH Neochem and Taiwanese companies CPC Corporation, Taiwan and Mega international Commercial Bank. TJOC is located in Taiwan.
In this context the Bank stated: 'This transaction is intended to support the production and sales of isononyl alcohol (INA) by TJOC, a company that KH Neochem jointly established with CPC Corporation, Taiwan (CPC) and Mega International Commercial Bank.'
 
Equity participation financing
JBIC provides capital contributions, including shareholders' agreements, named 'equity participations' to (foreign) companies, overseas projects and (international) funds. Japanese companies must have equity interests in the foreign company; equity participation in the overseas project; or participate in the (international) fund and play a significant role. More information can be found on the Bank's website under equity participations.
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
 
According to UN Comtrade, no trading partner exceeded the GTA threshold of USD 1 million on the affected tariff lines in the year prior to the intervention. Thus, no affected trading partners have been identified.