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Teddy Wang Teh-huei (Chinese: 王德輝; 9 September 1933 – missing since 10 April 1990[1]) was a Chinese businessman and founder of the Chinachem Group who was kidnapped for ransom in 1990, and later declared legally dead. His wife, Nina Wang, afterwards launched a lengthy legal battle over her husband's will.

Teddy Wang
Born
Wang Teh-huei

(1933-09-09)9 September 1933
Disappeared10 April 1990 (aged 56)
British Hong Kong
StatusMissing for 29 years, 7 months and 27 days, declared dead in absentia in 1999
OccupationFounder of Chinachem Group
Spouse(s)
Nina Wang (m. 1955)
Parents
  • Wang Din-shin (father)
  • Yam Yuk-chen (mother)

Life and careerEdit

Teddy Wang was born in Shanghai, China to Wenzhounese parents. He was a childhood playmate of Kung Yu Sam (Nina Wang). He was the son of Wang Din-shin, who had established a paint and chemical business. In 1948, when she was 11 and he 15, they renewed their friendship, and they married in 1955. The Wangs moved to Hong Kong, and the business became the Chinachem Group, eventually one of Hong Kong's largest and most powerful companies based on a lucrative pharmaceutical division.

Kidnapping and death in absentiaEdit

Wang was abducted on 12 April 1983,[2] when his Mercedes was hijacked.[3] He was taken away and chained to a bed for eight days until Nina Wang paid a ransom of 33 million Hong Kong dollars.

Wang was kidnapped again on 10 April 1990 as he left the Jockey Club in Hong Kong, at the age of 56. His abductors demanded HK$60 million. His wife Nina Wang paid an installment of 34 million Hong Kong dollars, but Wang was not returned. Several of the alleged kidnappers were caught and said that the 56-year-old Wang had been thrown into the sea from a sampan (a small Chinese boat where he was held) on 13 April 1990.[4] His body was never found and he was declared legally dead in 1999. Wang's will was disputed by Nina Wang, the eventual chief beneficiary. According to the personal assistant of Nina Wang, Wang had received phone calls from Teddy up to the year 2000.[5]

See alsoEdit

SourcesEdit

ReferencesEdit

  1. ^ "Flashback: the kidnapping of Hong Kong billionaire Teddy Wang". South China Morning Post. Retrieved 2017-08-28.
  2. ^ "About | NINA WANG - Asia's richest woman - Hello! TAI TAI.com". www.presidiopenthouse.com. Retrieved 2017-08-28.
  3. ^ Donovan, Doug (2002-11-22). "Wang's Legacy: Sex, Lies And Litigation". Forbes. Retrieved 2017-08-28.
  4. ^ "東網光影:世紀綁架 王德輝人間蒸發27年". Oriental Daily News. 16 April 2017.(in Chinese)
  5. ^ "Nina Wang was getting calls from Teddy 10 years after kidnap, says former aide". South China Morning Post. Retrieved 2017-08-28.

External linksEdit