Kenneth Yen (嚴凱泰) / CNA file photo

Taipei, Dec. 3 (CNA) Taiwanese entrepreneur Kenneth Yen (嚴凱泰), chairman of Taiwan's biggest automaker Yulon Group, passed away Monday at age 53, according to Taipei Veterans General Hospital.

An unnamed source at the hospital confirmed that Yen has been receiving care at the hospital for some time where he was undergoing treatment for esophageal cancer.

The Yulon Group has released a statement on the matter as of press time.

(By Chang Ming-hsuan and William Yen)
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