Word: chinachem
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...matter of Chinachem Charitable Foundation Ltd v. Chan Chun-chuen was heard at Hong Kong's Court of First Instance during the summer, and judgment is expected by year's end. The synopsis is this: upon the death, at 69, of billionairess Nina Wang Kung Yu-sum (a woman who wore her hair in pigtails, dressed like Lolita and answered to the nickname Little Sweetie), two conflicting wills were produced. One bequeathed her $4.2 billion estate to the Chinachem Charitable Foundation, run by her siblings. The other was flaunted by feng shui "master" Tony Chan Chun-chuen - who also claimed...
...ruling that a will in which husband Teddy Wang left her his entire estate had been forged; the industrialist was kidnapped in 1990 and declared legally dead nine years later. Nina Wang, famous for her schoolgirl pigtails and flamboyant fashion sense, now regains full control of the Chinachem Group, the company that she built into a $3.5 billion enterprise after taking control following her husband's disappearance...
...CHARGED. NINA WANG, 67, chairperson of Hong Kong developer Chinachem Group, with forging her husband's will; in Hong Kong. Famous for her eccentric attire and hairstyles, Wang took control of her husband Teddy Wang's multibillion dollar company and estate after he was kidnapped in 1990 (and declared dead nine years later). In a lurid 172-day civil case brought by her father-in-law in 2001, a court ruled that the will she based her claim on was in fact a fake. Wang, who maintains her innocence, could lose her claim to her husband's estate and company...
With her antenna-like pigtails, Nina Wang is one of Hong Kong's least likely moguls. She may also be one of the shrewdest. After assuming control of her husband Teddy Wang's estate a decade ago, she transformed his property development company, the Chinachem Group, into a multi-billion dollar behemoth. But the good times may be coming to an end. After a 171-day courtroom inheritance battle, a Hong Kong judge ruled on Nov. 21 that Nina Wang had "probably" forged her husband's will. The judge awarded Teddy Wang's estimated $128 million estate...
...donor, Nina Kung, is chair of Chinachem, Hong Kong's largest privately owned real-estate company, and a professor at Beijing University...
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