Teddy Wang
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Teddy Wang (born Teddy Wang Tei-huei) (January 11, 1933 - missing since April 18, 1990) was the husband of Nina Wang and founder of the Chinachem Group pharmaceutical company.
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[edit] 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 the Chinachem Group, eventually one of Hong 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.
[edit] 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 β a small Chinese boat β 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).
