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Teddy Wang

From Alfawiki
Teddy Wang Teh-huei
BornTemplate:Birth date
Shanghai, China
DiedJanuary 1, 1999(1999-01-01) (aged 65)
OccupationEntrepreneur
Known forFounder of Chinachem Group

Teddy Wang Teh-huei (; born 9 September 1933 – missing since 10 April 1990) was a prominent Chinese entrepreneur and the founder of the Chinachem Group. He experienced two kidnappings, with the second incident in 1990 resulting in his disappearance and eventual legal declaration of death. Following this, his spouse, Nina Wang, became involved in an extended legal dispute concerning his testament.

Life and career

Originating from Shanghai, China, to parents of Wenzhounese descent, Teddy Wang was the offspring of Wang Din-shin, a businessman specializing in paint and chemicals. Having been childhood acquaintances with Kung Yu Sam (later known as Nina Wang), they reconnected in 1948 and married in 1955. After moving to Hong Kong, Wang developed the family enterprise into the Chinachem Group, which grew into one of Hong Kong's leading corporations, particularly recognized for its pharmaceutical sector.

Kidnapping and death in absentia

Wang’s initial abduction occurred on 12 April 1983 when his Mercedes-Benz was forcibly taken; he was held captive for eight days until Nina paid a ransom amounting to HK$33 million.

On 10 April 1990, Wang was seized once more outside the Hong Kong Jockey Club. His abductors demanded HK$60 million; although Nina paid HK$34 million, he was never released. Multiple suspects were detained and alleged that Wang had been thrown into the sea from a sampan on 13 April. His remains were never located, and he was legally declared deceased in 1999. Nina Wang inherited the majority of his contested estate. According to her personal assistant, Teddy allegedly made phone calls as late as the year 2000.

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