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๐Ÿ‡น๐Ÿ‡ผ Taiwan /Culture & Society

Chen Hsing-yu urges ex-husband to return $2.3 million education fund for sons

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Context piece
  • Chen Hsing-yu urged her ex-husband, Chao Chien-ming, to return 23 million New Taiwan dollars in education funds for their three sons.
  • Chen stated she established the fund when her children were young, gifting money annually, and that Chao has held it for investment purposes.
  • She emphasized that all three sons are now adults and that Chao should return the money, noting that he has been managing the funds and their investment performance has been inconsistent.

Chen Hsing-yu has publicly called on her ex-husband, Chao Chien-ming, to return NT$23 million in education funds designated for their three sons. Chen stated that she established these funds when her children were young, making annual gifts, and that Chao has been managing the money under the guise of investment assistance.

According to Chen, Chao had promised to return the funds once the children were grown and married, as they would need the money for education abroad or for purchasing homes. She stressed that with all three sons now adults, Chao should return the funds. Chen noted that she has not pursued the clinic's storefront, which was part of their divorce settlement, as the children share Chao's surname and will eventually honor his family's ancestors.

Chen expressed that Chao, a physician with a busy practice and many appreciative patients, should not be overly concerned about this particular fund, given his financial success. She implied that the money remains under Chao's control unless the sons decide to confront their father. Chen also revealed that her eldest son once inquired about the fund's performance, but Chao's explanations were inconsistent, and the accounts did not add up, suggesting a lack of transparency in the management of the money.

DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.