Formosa patriarch will hand over the reins

June 2006
ICIS Chemical Business;6/12/2006, Vol. 1 Issue 23, p13
Trade Publication
The article reports on the plans of Wang Yung Ching, Taiwan's leading industrialist, to hand over management control of the Formosa Plastics Group to his family. Analysts said that the change is unlikely to have any significant impact on the business. Wang has gradually been delegating powers to his children and nephews. Peter Sutton, head of research at brokerage CLSA, said that the company has slowly put in place professional management, which will ease questions over the succession process.


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