TAIPEI, Taiwan - EVA Airways Corp. Chairman Chang Kuo-wei on Thursday said he was set to inherit the position and fortune of the late Chang Yung-fa, the billionaire chairman of the Evergreen Group.
Chang Yung-fa, who died at the age of 88 in January, had been widely expected to leave his US$1.6 billion in assets to his charity foundation.
In a statement released Thursday to EVA, Chang Kuo-wei said he would be succeeding his father as chairman of Evergreen Group while retaining his chairmanship of EVA.
According to reports of the released documents, Chang Yung-fa had bequeathed his deposits, equities to his fourth son Chang Kuo-wei.
Chang Kuo-wei was also given oversight over the late tycoon's properties and named chairman of the Evergreen business empire, according to the memo.
Later yesterday, Evergreen Group censured Chang Kuo-wei for "unilaterally" declaring the contents of a private will - a "particularly regrettable" move.
A spokesman for Evergreen Group said that in December 2014, Chang Yung-fa had created a will that named Chang Kuo-wei as his successor.
Evergreen Group includes EVA, Asia's largest container fleet Evergreen Marine Corp and Evergreen International Hotels.