Hong Kong Herald
HongKongHerald.com Tuesday 9th February 2010 Edition 40/2010
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"It is unfair you enjoy a safe life while our brothers in Gaza suffer greatly. Our attacks will continue as long as you support Israel. "
Osama bin Laden
The al-Qaeda leader was addressing U.S. President Barack Obama in a recently-released videotape.

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China Resources Land Latest China Stock in Hang Seng
Hang Seng Index closes at 5-month low
Hong Kong stocks close 0.58% lower
Huaneng Said to Plan $1 Billion Hong Kong Wind Power IPO
European debt woes weigh on Hong Kong stocks

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China shuts down country's largest hacker training site
Chinese Catholic Named a Top Person of 2009 [2010-02-08]

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U.S. stocks slip into red Monday

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bullet Feng shui master loses battle for fortune of Asia's richest woman corner

A Hong Kong judge Tuesday dismissed a claim on the $13 billion estate of Asia's richest woman by a feng shui master who claimed to have been her secret lover.

The judge, Johnson Lam Man-hon, threw out the claim by feng shui master Tony Chan, 50, for the entire fortune of Nina Wang, head of the Chinachem property empire who died in April 2007 aged 69.

Instead, he awarded the estate to a charitable foundation run by Wang's family, saying that a will produced by Chan to claim Wang's fortune was not genuine.

The ruling followed a 40-day hearing last year which pitted 50-year-old Chan against the tycoon's family who claimed he was nothing more than a 'toy boy' to the lonely widow.

In his 300-page ruling released Tuesday, the judge said Chan was not a suitable candidate to inherit Wang's business empire and that the tycoon's relationship with him and gifts of money to him did not prove his claim.

Chan was virtually unknown in Hong Kong before he emerged claiming to be Wang's long-term lover after the head of the Chinachem property empire died of ovarian cancer.

He claimed to have been Wang's secret lover for 14 years, having midnight meetings after she first consulted him to try to trace her missing husband Teddy.

Chan claimed that Wang referred to him as her 'husband' and had wanted to have a child with him when she was in her 50s before discovering she could not conceive.

Lawyers representing Wang's family, however, claimed the will allegedly leaving everything to Chan was a forgery, possibly signed by Wang as part of a feng shui ritual.

Wang's family argued that she never intended to leave him her vast fortune. She gave him large sums of money for his feng shui guidance, they claimed.

The alleged affair between Wang and Chan is said to have begun two years after Wang's tycoon husband, Teddy, was kidnapped in 1990, never to reappear. Teddy Wang was later declared legally dead.

Wang inherited the Chinachem empire after Teddy's disappearance, confounding critics by building it up into a multi-billion-dollar business conglomerate.

Despite her enormous wealth, Wang was known for being notoriously frugal, once claiming she needed only around $400 a month to live on.


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