The China Post news staff

TAIPEI, Taiwan — President Ma Ying-jeou extended condolences yesterday to the bereaved family of Wang Yung-ching, founder of the Formosa Plastics group, his spokesman Wang Yu-chi said. Taiwan’s best known business tycoon died in his sleep at his daughter’s home in Livingston, N.J. Wednesday. He is survived by his second and third wives and nine children. “On learning of his (Wang Yung-ching’s) unexpected passing away,” Wang Yu-chi said, “the president called the bereaved family in Taipei and expressed his sympathy.” Ma is more than 30 years younger than Wang, who is known as Taiwan’s “god of management” or King Midas, who, however, does not turn his daughter into gold, Wang Yu-chi said. “But,” he added, “they were good friends for more than 20 years.”

In fact, Ma took part in a dozen annual Formosa Plastics athletic meets. Like Ma, Wang Yung-ching was a jogging fan. The last time Ma attended Wang Yung-ching’s sports day, they jogged 5,000 meters together and ate “vermicelli with oyster” with more than 100 Formosa Plastics joggers, Wang Yu-chi said. “In particular, President Ma admires Wang for his hard work and thrift,” Wang Yu-chi added.