Staff place Nina Wang death notice under Teddy Wang's name

Employees of Nina Wang Kung Yu-sum at the Chinachem Group yesterday placed a death notice for their late boss in the name of Teddy Wang Teh-huei - her husband who was declared dead in September, 1999, nine years after his disappearance.

An obituary that ran alongside the notice, signed off by staff of the Chinachem Group, also revealed that Wang, the richest woman in Asia, had been fighting a battle against cancer since early 2004.

The obituary was the first official confirmation of the cause of Nina Wang's death.

The death notice, carried by some Chinese-language newspapers today, announced the loss of 'Deceased wife Madam Wang Kung Yu-sum' with Teddy Wang's name at the bottom of the notice. Wang was snatched from his car in 1990 and held captive at sea. His wife paid a ransom of $260 million for his release.

According to one of the kidnappers, the tycoon was thrown overboard into the South China Sea as the boat was chased by mainland marine police.

Nevertheless, Nina Wang had maintained over the years that her husband was still alive.

The notice said a vigil would be held at the Hong Kong Funeral Home in North Point from 4pm onwards on Tuesday, followed by a funeral at 11am the next day. Condolence contributions should be donated to the Chinachem Charitable Foundation Limited, according to the notice.