Local entrepreneur Lawrence Ting (
Ting, 65, jumped from a 15th-floor window shortly after a meeting with his lawyers in an office building on Jenai Road in Taipei.
He was the chairman of both Central Trading and Development Corp (中央貿易開發) and speaker manufacturer CX Technology Corp (錩新科技).
His death came as investigators probed claims of possible insider trading of CX Technology shares as well as the alleged misappropriation of around NT$7 billion from Central Trading and Development.
CX Technology shares plunged to a record low of NT$12.95 yesterday on the Taiwan Stock Exchange owing to fears of possible financial problems.
Ting's wife, Fei Tsung-ching (費宗清), told reporters late Thursday night that her husband committed suicide to prove his innocence.
Central Trading and Development spokesman Sung Yun-chien (
A fight for dominance within the company might have had more to do with it, Sung said.
Chen Ching-chih (陳清志), who owns a one-third stake in Central Trading and Development, has been vying for control of the company over the past six months, according to Sung.
In May, Chen filed an embezzlement suit with the Taipei Prosecutor's Office against Ting after a row about the distribution of a cash dividend to shareholders, Sung said.
Ting had been dubbed the "King of Vietnam" after pioneering investment in an industrial park and power plants in Vietnam in the early 1990s via Central Trading and Development.
The corporation still has several investments in Vietnam, including a power generation company and a property development venture.
The property development venture, Phu My Hung Corp, is 70-percent owned by Central Trading and Development. Tan Thuan Industrial Promotion Co, a state enterprise based in Ho Chi Minh City, owns the remaining 30 percent.
Phu My Hung is known for the new Saigon South development tract, which boasts upmarket villas, condominiums and office buildings. The company last month filed a lawsuit against Vietnam's Ministry of Planning and Investment over a preferential tax rate dispute. In addition to the Saigon South development, the venture has also built the adjacent Tan Thuan industrial park.
Ting was given an award by Vietnamese Prime Minister Phan Van Khai in 1997 for his contributions to the country's economic development.
Ting was also known for his ties with the sporting community and was a former deputy chairman of the Chinese Taipei Olympic Committee. He led the Taiwanese delegation to the 1976 Olympic games in Montreal, Canada.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors