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James D M Oung

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October 2, 1992 | From Times Staff and Wire Reports
Taiwan Tycoon Goes Free: Business tycoon James D. M. Oung, Taiwan's largest stock trader and head of one of the island's biggest conglomerates, was freed on $238,000 bail after testifying about his alleged role in a $22-million stock scandal, Taiwan's largest ever. Taiwan stock prices plunged last month and the stock exchange was hit with $9.2 billion in trade-settlement defaults after Oung's Sept. 10 arrest.
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BUSINESS
October 2, 1992 | From Times Staff and Wire Reports
Taiwan Tycoon Goes Free: Business tycoon James D. M. Oung, Taiwan's largest stock trader and head of one of the island's biggest conglomerates, was freed on $238,000 bail after testifying about his alleged role in a $22-million stock scandal, Taiwan's largest ever. Taiwan stock prices plunged last month and the stock exchange was hit with $9.2 billion in trade-settlement defaults after Oung's Sept. 10 arrest.
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BUSINESS
September 28, 1992 | From Bloomberg Business News
The Central Bank of Taiwan has enacted measures to bolster investor confidence in the battered stock market after the Taiwan Stock Exchange index hit a 20-month low last weekend. The bank said it approved a Securities and Exchange Commission proposal to increase upper lending limits for those who borrow funds or stocks to invest in the stock market. The bank also said that it will permit four mutual fund companies to raise more funds from overseas investors who want to invest in Taiwan stocks.
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