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Inside Zong Qinghou's Estate Dispute: Trust Agreement Established, Yet Principal Distribution Halted
5 day ago /
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Author：小编
In the high-profile family trust dispute involving Zong Qinghou, the esteemed founder of Hangzhou Wahaha Group, the Hong Kong High Court has issued a ruling to freeze approximately US$1.8 billion in assets held in the HSBC bank account of Jianhao Venture Capital in Hong Kong. This decision prohibits any transfer or mortgage of these assets until the case is resolved. The injunction will remain in force until a final judgment is handed down by the Hangzhou Intermediate People's Court.
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