Fri, Oct 17, 2008 - Page 1 News List

Tycoon Wang Yung-ching dies at 91

‘AMIABLE ELDER’ The legendary businessman, who started the Formosa Plastics Group from scratch, died in his sleep while on an inspection trip of factories in the US

By Jerry Lin And Ko Shu-ling  /  STAFF REPORTERS

The spokesman said Ma attended more than 10 of the FPG’s annual sports activities and ran with Wang Yung-ching in the 5,000m races.

Ma was particularly impressed by Wang Yung-ching’s physical energy, will power and discipline, the spokesman said, adding that Ma remembered vividly how frugally the billionaire had lived when Wang Yung-ching and his wife invited him to have oyster noodle soup after an annual sports event two years ago.

Wang Yu-chi said that Wang Yung-ching paid great attention to efficiency and discipline when it came to company management, making FPG the most profitable business in Taiwan. The entrepreneur retained a clear mind and lived a thrifty lifestyle even after building a successful career, the spokesman said, and his success story represented the core values of Taiwan.

In addition to his devotion to the growth of his business, Wang Yu-chi said Wang Yung-ching cared about the sustainable development of the environment and social justice, especially peace and prosperity in cross-strait relations.

The spokesman said Ma admired Wang Yung-ching’s foresight about investment in China about a decade ago. His effort to build more than 10,000 schools in China also won much acclaim, he said.

Additional reporting by Shih Hsiu-chuan,Mo Yan-chih and Reuters

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