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Philippine police rescue kidnapped Chinese trader

(Xinhua)

09:27, October 17, 2011

MANILA, Oct. 16 (Xinhua) -- Philippine police said its anti- kidnapping operatives rescued an abducted Chinese trader in a daring hostage operation early Sunday in the northern Philippine province of Bulacan.

Taiwan resident Ying Ching Chang, 29, a partner in a garments manufacturing company in Valenzuela City, Metro Manila, was rescued unharmed from a safehouse in Norzagaray town, Bulacan at 2: 10 a.m., said a field report reaching Philippine National Police ( PNP) chief Nicanor Bartolome.

According to the report, two kidnappers guarding the blindfolded victim offered stiff resistance, triggering a brief shootout with the raiding police team, which resulted in the death of the two. Three other kidnappers were later intercepted at a police-military checkpoint after an intense gunbattle at 2:43 a.m. in the same town. The gunmen opened fire at the policemen, shattering the windscreen of a patrol car. All three were gunned down in the ensuing exchange of fire with law enforcers.

Authorities recovered the entire 210,000 pesos (4,850 U.S. dollars) ransom paid by the victim's kin, said the report.

The victim was snatched at gunpoint last Wednesday, police said.

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