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Nina Wang loses latest fight for control of $27b empire

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Peggy Sito

Asia's richest woman, Nina Wang Kung Yu-sum, yesterday lost the latest battle with her father-in-law for control of the $27 billion Chinachem empire when the Court of Appeal upheld a ruling that her husband's will leaving her the company was forged.

Mrs Wang now looks likely to take the civil probate hearing to the Court of Final Appeal - Hong Kong's highest court - in an effort to stop the company from falling into the hands of Wang Din-shin.

It was not all bad news for Mrs Wang as the three judges of the Court of Appeal - Mr Justice Wally Yeung Chun-kuen, Madam Justice Maria Yuen Ka-ning and Mr Justice William Waung Sik-ying - unanimously rejected the finding by Court of First Instance judge Mr Justice David Yam Yee-kwan that two of the four documents purported to be the will were 'probably written by the defendant herself'.

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Mr Justice Yeung described the judge's finding as unreasonable and unsubstantiated.

'His inference - leading to a serious and important finding of fact possibly with far-reaching consequences - was haphazard and poorly supported,' Mr Justice Yeung said.

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This latest ruling is expected to be analysed by police who arrested Mrs Wang upon Mr Justice Yam's delivery and after Wang Din-shin raised fraud allegations in 1999.

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