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Cathay Financial's M&A goal approved

Cathay Financial's M&A goal approved
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Shoe factory owner ranked Taiwan's richest person

Shoe factory owner ranked Taiwan’s richest person
Staff writer, with CNA
Zhang Cong-yuan (張聰淵), founder of contract shoemaker Huali Industrial Group Co Ltd (華利集團), has taken the title of Taiwan’s richest person, with a net worth of US$13.8 billion,
Forbes announced in its Taiwan’s Richest 2021 list.
It was the first time that the low-key, self-made tycoon ranked No. 1 on
Forbes’ list of the top 50 billionaires in Taiwan.
Huali Industrial, which owns production facilities in China, Vietnam and the Dominican Republic, supplies international customers such as Nike Inc, Puma AG, UGG and Vans, the magazine said.
The Liang Shing and Takson shoe factory, believed to be where Zhang Cong-yuan started his business, is pictured in Yunlin County’s Cihtong Township on Friday. Forbes has ranked Zhang, founder of contract shoemaker Huali Industrial Group Co Ltd, as Taiwan’s richest person. ....

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Shoemaker tops Forbes list of Taiwan's richest business people | Taiwan News

2021/05/07 14:38
Taiwan s economy did surprisingly well in 2020, and so did its wealthiest citizens, says Forbes
Taiwan s economy did surprisingly well in 2020, and so did its wealthiest citizens, says Forbes
(CNA photo)
TAIPEI (Taiwan News) According to the latest list published by Forbes Magazine, a little-known shoemaker, Zhang Congyuan (張聰淵), is Taiwan’s wealthiest individual with a fortune estimated at US$13.8 billion (NT$385 billion).
Zhang, 73, and his family run the Huali Industrial Group, which makes shoes for global brands such as Nike, Puma, Vans and UGG. His rise to the top of the list was linked to the company’s listing on the stock exchange in Shenzhen, China, Forbes reported. ....

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Shoe business owner ranks as Taiwan's richest person: Forbes

Shoe business owner ranks as Taiwan s richest person: Forbes
05/07/2021 10:13 PM
Zhang s shoe factory in Yulin County. Photo courtesy of a member of the public
Taipei, May 7 (CNA) Zhang Congyuan (張聰淵), founder of contract shoe maker Huali Industrial, took the title as the richest person in Taiwan, with a net worth at US$13.8 billion, according to Taiwan s Richest 2021 list released by Forbes.
It was the first time for the low-key, self-made tycoon, to top the Forbes top 50 billionaires list in Taiwan.
Huali Industrial owns production facilities in China, Vietnam and Dominica, and its international customers include Nike, Puma, UGG and Vans, the magazine said. ....

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Wealth Of Taiwan's 50 Richest On Forbes List Soars Amid The Pandemic

The benchmark Taiex index rose 45% since fortunes were last measured 15 months ago, lifting the collective net worth of Taiwan’s 50 richest by a third to US$149 billion. Overall, 36 listees added to their wealth. The complete 2021 Forbes Taiwan Rich List can be found here. ....

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