The estate case of the late Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference, Fok Ying-tung, will be continued in the High Court today (14th).
Huang Renlong Court read out the content of the meeting between the Huo family and their related companies, which mentioned that Huo Zhenyu and Huo Liping asked the family company to stop investing in the mainland.
However, Huo Zhenhuan pointed out at the meeting that if he invests in the mainland with high risks, his father's image will be bad, and he also points out that his father has confidence in investing in the mainland.
Huo Zhenyu said, "My father told me to invest cautiously, and to collect rent and pay dividends and pass away, I don't have to worry about being lame."
The plaintiffs are Huo Zhenyu, the third son of Huo's family, his eldest daughter, Huo Liping, and his second daughter, Huo Lina. They asked the family company, Yourong Co., Ltd., to repurchase the equity involved in the Nansha development project.
The defendants include Changfang's eldest son, Fok Zhenting, second son, Huo Zhenhuan, and related family companies, including Fok Xingyetang Real Estate Co., Ltd., Yourong Co., Ltd., and Fok Yingdong Fund Co., Ltd., etc.
Senior counsel Huang Renlong continued to speak, and pointed out that between November 2011 and July 2012, at the Huo family's family meeting, Huo Zhenyu and two sisters opposed the family's continued investment in the mainland.
(file picture)
Family meeting conversations read out in court
Huang Renlong, SC, representing the second brother Huo Zhenhuan, read out in court today the meeting between Fok Ying Tung Fund Co., Ltd. and Fok Xing Yip Tang Real Estate Co., Ltd., as well as the dialogue between the family meeting from November 2011 to July 2012.
Huo Zhenhuan stressed that his father was very confident in the mainland
At the meeting of Huo Xingyetang Real Estate Co., Ltd. in March 2012, Huo Liping sent a letter through a lawyer, requesting a dividend of 800 million yuan, and asking not to continue investing in the mainland.
Huo Zhenyu also agreed at the meeting that he should not reinvest in the mainland.
However, Huo Zhenhuan emphasized that "if investing in the mainland is high risk", it will make "the father's image very bad", and he also emphasized that his father has always been very confident in the mainland.
However, Huo Zhenyu said that his father did not have much investment in both China and Hong Kong, and said, "My father told me to invest cautiously, and let me collect rent and pay dividends and pass away. I don't have to worry about lameness."
Huo Zhenhuan responded: "I have been working with Zhu Qu in Nansha since 1983, so I don't know what he thinks."
Huo Zhenhuan's efforts in family affairs were affirmed at the second-room eldest son meeting
In addition, a family meeting was held in May 2012, attended by former Chief Executive Tung Chee-hwa and former Secretary for Justice Leung Oisy.
During the meeting, Huo Wenfang, the eldest son of the Huo family's second room, said, "Brother Ian (Huo Zhenhuan) has been very busy for the past few years." He emphasized that the second brother worked hard for family affairs and "sometimes ignored me", but emphasized that everyone has responsibilities .
Huo Zhenyu said that because Huo Yingdong provided more than 3 billion yuan to He Mingsi, deputy secretary-general of the former Xinhua News Agency Hong Kong branch, to develop Nansha, he also pointed out that his father owed the company more than 1 billion yuan.
Case numbers: HCA92, 274, 275/2016
The court revealed that Fok Yingdong's estate amounted to 11.3 billion yuan.
(See the picture below for details)
+2
Huo family dispute case｜Huo Zhenhuan claims that he has no personal benefit in handling family business, but his younger brother does not believe him Approaching the audience for reconciliation
01 News
