Hongkong'S "Cotton Yarn King" Family Staged A Competition For &Nbsp; &Nbsp; Mother Charged Her Daughter.

One of Hongkong's ten richest men is estimated to be up to tens of billions of yuan (HK $, the same below). Nan Fung Group Chairman Chen Din Hwa Its Wife Yang Fuhe has recently been admitted to the high court of Hongkong. Sue daughter Chen Huihui pointed out that she misled her father between 2003 and 2005, resulting in the spanfer of family property. Chen Huihui's daughter made a statement on the night before, expressing regret on behalf of his family, emphasizing that the incident was a family private affair and had nothing to do with the group's business operation.

Mother told her daughter to mislead her father.

The original defendant, Yang Fuhe (formerly known as Yang Fue), was charged with the high court's accusation against her daughter Chen Huihui. The information disclosed in the form was very limited. He was only accused of misleading, improper influence or breach of contract and trust liability during the period from 2003 to 2005, including making false statements to his father Chen Ting, resulting in the spanfer of property and the establishment of a trust. Although the entry is not clear, it is estimated that the spanfer of property is likely to be related to the property distribution arrangement of Chen Tinghua.

There is " Cotton yarn King "Chen Tinghua," who has rarely appeared in public in recent years, resigned as director of the flagship Nanfeng development group in 2008 and stayed only as chairman of the group. Chen Tinghua and his wife, Yang Fu, and two daughters, Chen Huifang, often accompany their father on sale occasions. But she did not hold a post in Nanfeng group. Chen Huihui and her husband and children joined Nanfeng management. In recent years, they gradually became the new helm of Nanfeng group.

Forbes's list is eighth.

Chen Tinghua ranked eighth in Hongkong's richest list this year, with an estimated $1 billion 800 million (HK $14 billion) in his fortune. Forbes's market value has never been disclosed as a result of Nanfeng's Private Companies. But the assets value of Nanfeng is roughly calculated, and the bulk of Nanfeng's shares are owned by Chen Tinghua. Chen's personal status should be more than that.

Chen Tinghua, 87 years old, was born in Yin County, Zhejiang in 1923. The teenager left home to make a living in Shanghai. At the age of more than 20, he had served as the general manager of 3 companies in Shanghai and Ningbo. In 1949, Chen Tinghua emigrated to Hongkong, and founded Nanfeng Textile Co., Ltd. in 1954 to produce cotton yarn. The assets value of the cotton mill increased 10 times in 6 years. In 1969, the cotton mill carried out a structural reorganization, set up Nanfeng joint textile, and went public in 1970. It became a holding company of Nanfeng textile, Nanfeng two factory and Jinfeng garment factory. Chen Tinghua is also known as "the king of cotton yarn".