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Wang You-theng : ウィキペディア英語版 | Wang You-theng Wang You-theng (;pinyin: Wáng Yòucéng; born March 5, 1927 in Changsha, Hunan, China) is a Taiwanese entrepreneur who founded the China Rebar Group and served as its chairman until fleeing Taiwan in late 2006 amid allegations of embezzlement and fraud. == Business career ==
Wang established the China Rebar Group in 1959 as a manufacturer of steel reinforcement beams. In the following years, Rebar expanded its operations from the construction industry into textiles, hotels, real estate, retail services, insurance, banking, and telecommunications. As the head of a growing business empire, Wang enjoyed a large personal fortune and increasing political clout. Several of Wang's children and relatives served as high-ranking officers in Rebar's subsidiary companies. As a tycoon, Wang maintained a close business relationship with government authorities over several administrations, serving as a member of the Central Standing Committee of the Kuomintang for 15 years and being appointed as a National Policy Advisor to President Chen Shui-bian in 2000 when the Democratic Progressive Party won the ROC Presidential election that year.
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