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Wahaha CEO Prohibited From Withdrawing Money From a $1.8 Billion HSBC Account
The controversy has also raised questions about corporate governance and the loss of state-owned assets in one of China’s most iconic beverage companies.
15 h
Hong Kong Court Freezes US$1.8 Billion HSBC Account Amid Wahaha Family Inheritance Dispute
The court noted there are "serious issues to be tried" regarding the alleged breach. Kelly Zong, long believed to be Zong Qinghou’s only child, assumed control of the beverage empire after his death in February 2024.
23 h
Zong Family Trust Ruling Reveals Zong Qinghou Set Up $2.1 Billion Offshore Trusts for His Children
The initial plan involved managing the trusts through a Private Trust Company (PTC), during which Kelly Zong served as shareholder. Upon transition to professional trustees, she relinquished all control and responsibility, handing over management to the three siblings.
Yesterday
Wahaha Heiress Kelly Zong Faces Legal Challenges from Alleged Half-Siblings in Cross-Border Inheritance Dispute
Kelly Zong's legal team has denied receiving any instructions from her father regarding such a trust and has questioned the authenticity of the plaintiffs' evidence. The Wahaha Group has issued a statement saying the family’s legal matters will not impact normal business operations.
Jul. 15, 2025
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