The Ministry of Economic Affairs wanted to privatize Taiwan Machinery Manufacturing Corporation. But because TMMC had been losing money heavily, when it went on the market it was shunned. The only thing to do was to find specific corporations who were willing to buy parts of TMMC. In the end, its shipbuilding, steel, and steel alloy operations were separated and sold off in their entirety to three different private firms.
前車之鑑不是沒有：經濟部轄下的台灣機械公司，因為虧損嚴重，公開售股乏人問津，最後只好找特定財團，將台機旗下的船舶廠、鋼品廠、合金鋼廠等三個廠，以連人帶設備帶土地的「整廠拍賣」方式，分售給不同的三家企業。