Chinese firm's director denies involvement in Taiwan undersea cable damage

Investing.com -- The director of a Chinese company, whose ship is suspected by Taiwan of causing damage to an undersea communications cable, denied any involvement on Wednesday. Taiwan's government has expressed concern over the incident.

The coast guard of Taiwan reported that they dispatched a ship on Friday to investigate a claim from Chunghwa Telecom (BCBA:TECO2m ), a local telecoms provider. The company reported damage to an undersea communications cable off the northern coast of the island.

Upon reaching the location, the coast guard discovered the "Shunxin 39", a ship crewed by Chinese personnel and registered in both Cameroon and Tanzania. The coast guard asked the ship to return to a Taiwanese port for further investigation.

The coast guard, in a statement, mentioned that poor weather conditions prevented them from boarding the "Shunxin 39" for verification. They stated that they "cannot rule out the possibility" of the ship being involved in suspicious activities, referred to as "grey zone" activities. The statement, however, did not provide any direct evidence to support this claim.

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Source: Investing.com