- Teddy Wang
Teddy Wang (born Teddy Wang Tei-huei) (
January 11 ,1933 - missing sinceApril 18 ,1990 ) was the husband ofNina Wang and founder of theChinachem Group pharmaceutical company.Life and career
He was born in
Shanghai ,China , where he was a childhood playmate of Kung Yu Sam. He was the son of Wang Din-shin, who had established a paint and chemical business. The Wangs moved to Hong Kong, and the business became theChinachem Group , eventually one ofHong Kong 's largest and most powerful companies based on a lucrative pharmaceutical division. In 1948, when she was 11 and he 15, they renewed their friendship.Nina Wang , moved to Hong Kong in the 1950s with Teddy Wang, who founded the Chinachem Group pharmaceutical company, and in 1955 they married.Kidnapping and Death
Teddy Wang was abducted on
12 April ,1983 , and their Mercedes was hijacked. He was taken away and chained to a bed for eight days until Nina Wang paid a $33 million ransom.Teddy Wang was kidnapped again for a 2nd time on
10 April ,1990 as he left Hong Kong's exclusive Jockey Club. Abductors demanded $60 million. His wife Nina Wang paid a $34 million installment again, but it was too late and he was never returned.Several of the kidnappers were caught and said that the 57-year-old Wang had been thrown into the sea from the sampan — a small Chinese boat — where he was held.
His body was never found and he was declared legally dead in 1999. Wang's will was hotly disputed (see
Nina Wang ).Sources
* [http://www.usatoday.com/community/tags/topic.aspx?req=tag&tag=Teddy+Wang USA Today]
* [http://www.forbes.com/estateplanning/2002/11/22/cz_dd_1122wang.html Forbes]
* [http://www.lycos.com/info/nina-wang--teddy-wang.html Lycos]External links
* [http://www.chinachemgroup.com/ Corporate Page]
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