Heirs to Yung-Ching Wang, multi-billionaire founder of Formosa Plastics Group, are preparing for a legal battle over his estate. The Star-Ledger in Newark, N.J., has a feature story about the dispute -- Wang had a mansion in Short Hills, N.J., and many of the Formosa Plastics operations in the United States are headquartered in Livingston. Formosa Plastics Corp. USA is a major PVC and polyolefin supplier, and the company has plenty of other major U.S. affiliates, including film major Inteplast Group Ltd., and rigid PVC film and polyester fiber maker Nan Ya Plastics Corp. USA. According to the Star-Ledger story, Wang never completed a will, and now his nine children can't agree on who should control the estate. On Thursday, one of his sons, Winston Wen-Young Wong, plans to ask a Newark Superior Court to designate him administrator. If this case goes to trial, be prepared for enough personal intrigue to keep a team of soap opera writers busy for the next year.
Formosa Plastics heirs disputing estate
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