Late tycoon's heirs ordered to pay damages over Kuo Hua Life bailout

Taipei, Nov. 21 (CNA) The Supreme Court ruled on Thursday that the children of late businessman Oung Ta-ming (翁大銘), along with two of their uncles, must pay nearly NT$1.3 billion (US$39.62 million) plus interest in damages over the depletion of Kuo Hua Life Insurance Co.'s assets two decade ago.