Mon, Sep 05, 2011 - Page 2 News List

Mogul’s daughter dies after falling from apartment

By Rich Chang  /  Staff Reporter

The daughter of a Taiwanese tycoon died after falling from the 27th floor of the -Baolai Garden Plaza in Taipei’s Xinyi District yesterday.

Photo: Lin Cheng-kung, Taipei Times

A daughter of a Taiwanese tycoon fell to her death from a luxury apartment in Taipei yesterday. Investigators said a preliminary examination indicated no one else was involved.

The 28-year-old woman was a daughter of PXmart chairman Lin Ming-hsiung (林敏雄).

Taipei Prosecutors’ Office spokesperson Wang Wen-teh (王文德) said investigators had examined the victim’s body and ruled out murder. Her body had been handed over to her family, Wang added.

Wang said the woman fell from her apartment, which was on the 27th floor of the Baolai Garden Plaza in Xinyi District (信義), which is a desirable -location for celebrities. Former -president Chen Shui-bian (陳水扁) once owned an apartment there.

After the fall, a number of reporters rushed to the building and tried to enter the complex to film the scene. The intervention of several security guards was required to prevent reporters from accessing the area.

Lin is a classic example of a Taiwanese businessman who built his fortune from the ground up.

Thirty years ago, Lin started out as a hydroelectric apprentice and through real estate investment and hard work, he eventually became chairman of PXmart. He also doubles as chairman of Yuan Lih Group and Hwatai Commercial Bank.

Lin ventured into the community supermarket sector and started PXmart with the goal of offering the best deals of any supermarket.

According to statistics provided by PXmart, in 2007, 34.36 percent of supermarkets nationwide were Pxmarts, as it had 380 of the nation’s 1,106 supmarkets.

Last year, PXmart’s 570 locations represented 36.01 percent of the nation’s 1,583 supermarkets.

ADDITIONAL REPORTING BY CNA WITH TRANSLATION BY JAKE CHUNG, STAFF WRITER

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