Nina Wang

[winston]

Chan will 'part of fung shui ritual for Nina's health'

A supposed will that left the late Nina Wang Kung Yu-sum's multibillion dollar estate to a fung shui adviser was likely part of a traditional Chinese ritual to improve her health and not a real will, a lawyer said.

In the second day of a trial to rule on two competing wills, a lawyer for the Chinachem Charitable Foundation, which is claiming the estate, said Wang was deeply superstitious and sought advice on fung shui, especially after she was diagnosed with cancer in January 2004.

The 2006 will that fung shui adviser Tony Chan Chun-chuen claims leaves Wang's estate to him uses language that ''has the flavor of a traditional life-extending ceremony,'' Denis Chang told the High Court.

Wang also made three payments of HK$688 million to Chan in 2005 and 2006 as part of the same effort to improve her health. Wang also ordered holes dug at properties developed by her company, Chinachem Group, to bring good luck, Chang said.

Chan's lawyers are to make opening arguments this afternoon.

Wang inherited Chinachem from her missing husband, who has since been declared dead, after an eight-year court battle against her father-in-law, Wang Din-shin. She went on to build Chinachem into a massive developer.

During the final appeal hearing in that court battle, Wang asked fung shui masters to pray over court transcripts and asked her staff to wear clothing of a certain color for good luck, Chang said.

ASSOCIATED PRESS

[winston]

In the SCMP, they estimated that the legal cost will amount to HK$200m...

The lawyers are charging HK$12,500 per hour .

[LenaHuat]

The HK tax authorities are now going after the fengshui man....maybe not this Chan fellow only

[LenaHuat]

At yesterday's court hearing, this fengshui man claimed that Nina and him were lovers when his wife was pregnant with their first child. When the son was born, he named him 'Wealthee'

[winston]

It's Sunday so it's time to catch up on the latest gossips ..

Battle for Nina Wang's estate mesmerizes Hong Kong The Associated Press

(AP) — HONG KONG - The death of Asia's richest woman two years ago has turned into a posthumous drama with a feng shui master fighting a family charity over her estate.

Closing arguments are set for Monday in a court battle that mesmerized Hong Kong this summer with a glimpse into the private world of tycoon Nina Wang and her alleged love affair with a bartender-turned-feng-shui adviser.

What emerged during 40 days of testimony was a secret life of eccentric activities, from playing with model helicopters to burning money and digging holes for good luck.

http://www.silive.com/newsflash/index.s ... ernational

[winston]

Hong Kong to Rule on Nina Wang Estate by Next Year (Update1) By Sophie Leung

Sept. 22 (Bloomberg) -- Hong Kong Judge Johnson Lam said he will rule on who is entitled to the estate of late billionaire Nina Wang by the end of this year or the beginning of 2010, following a 40-day probate hearing.

http://www.bloomberg.com/apps/news?pid= ... kOUXsQRr54

[winston]

If you are a lawyer, would you stamp your name upside down, on such an important document as the will of a billionaire ?

========================================

DJ Feng Shui Master Sells Firm Cheaply As He Fights For Wang Fortune

HONG KONG (Dow Jones)--Feng shui master Tony Chan has sold his controlling stake in a small Hong Kong-listed information technology company at a huge discount, as he continues his lengthy legal battle over the estate of the late billionaire Nina Wang.

Chan agreed Wednesday to sell his 62.3% stake in UURG Corp. (8192.HK) to a mainland China investor for HK$38.9 million, or HK$0.01122 a share, representing a 93.6% discount to the company's last traded price on Oct. 12 of HK$0.175.

Chan is fighting a multi-million-dollar battle in court against the charity set up by Wang, claiming he is the rightful heir to her fortune. He claimed to have been romantically involved with Wang.

Wang, who died of cancer in 2007, was known for successfully laying claim to the real-estate empire left by her late husband, Teddy Wang, who was kidnapped in 1990 and never heard from again.

After her death, the charity she helped establish was expected to take control of her fortune, according to one of her purported wills that was dated 2002.

But Chan later produced a second will, dated 2006, declaring him the sole heir.

The South China Morning Post reported Thursday that Chan has also sold a house for HK$240 million and a private jet for US$30 million to help fund his legal costs.

Chan couldn't immediately be reached for comment.

Source: Jackie Cheung, Dow Jones Newswires

[kennynah]

If you are a lawyer, would you stamp your name upside down, on such an important document as the will of a billionaire ?

[winston]

If you are a lawyer, would you stamp your name upside down, on such an important document as the will of a billionaire ?

=================================================

A supposed will that left the late Nina Wang Kung Yu-sum's multibillion dollar estate to a fung shui adviser, was likely part of a traditional Chinese ritual, to improve her health and not a real will, a lawyer said.

The will produced by the Feng Shui master, Tony Chan, has the name of the lawyer, stamped upside down.

[winston]

Results just out.

Feng Shui man has lost the court case.