Estate Concern and Development
On 8 April 2007, Hong Kong newspaper Sunday Morning Post reported that Wang named one individual as the sole beneficiary in her will, according to her lawyer Jonathan Midgley. Contrary to previous reports, Midgley also dismissed claims that her will dictated that her fortune was to go to charity.
On 9 April 2007, Hong Kong newspaper Apple Daily reported that the Kung family insisted that Nina Wang wished to donate the largest portion of the billions estate to set up a charity fund for medical and education developments in mainland China. According to the report, the Kung family members held an 'emergency meeting' after learning of Midgley's statement. Apple Daily also describes Midgley's client as a 'mysterious person'.
Midgley refused to comment whether he had any involvement in processing Wang's will.
The day after her funeral two wills she allegedly wrote in 2002 and 2006 were published separately in Next Magazine and its sister Apple Daily publication. The 2002 document said Wang's fortune would go to her charitable trust. But the later version named her personal feng shui consultant, Tony Chan Chun-chuen, as the beneficiary.
On 8 July 2007, the newspaper The Sun (Hong Kong) reported there is a "final will" written in 2007 that the estate would be divided into 4 parts of many beneficiaries, including Wang Din-shin and the long time workers of the Chinachem Group, but there has been no later news about this, so this "final will" may not exist.
Following a lengthy court battle over Wang's estate, the court ruled on 2 February 2010 that, while the court accepted Tony Chan's claim that he and Wang had been secret lovers, the alleged 2006 will presented by Chan bore a forged signature. The court therefore upheld the 2002 will awarding Wang's entire estate to the ChinaChem Charitable Foundation. Chan declared his intention to appeal, but the following day his home was searched by the police and he was arrested for questioning on suspicion of forgery.
Read more about this topic: Nina Wang
Famous quotes containing the words estate, concern and/or development:
“Never let the estate decrease in your hands. It is only by such resolutions as that that English noblemen and English gentlemen can preserve their country. I cannot bear to see property changing hands.”
—Anthony Trollope (1815–1882)
“Religion is the state of being grasped by an ultimate concern, a concern which qualifies all other concerns as preliminary and which itself contains the answer to the question of a meaning of our life.”
—Paul Tillich (1886–1965)
“I have an intense personal interest in making the use of American capital in the development of China an instrument for the promotion of the welfare of China, and an increase in her material prosperity without entanglements or creating embarrassment affecting the growth of her independent political power, and the preservation of her territorial integrity.”
—William Howard Taft (1857–1930)