Hong Kong court upholds $1.8B asset freeze in Wahaha founder's estate dispute

The Hong Kong High Court has denied an appeal by Kelly Zong and Jian Hao Ventures Limited, upholding a previous order to freeze assets valued at approximately $1.8 billion related to the estate of Wahaha Group founder Zong Qinghou. The court also mandated that Zong's side cover HK$250,000 in legal costs for the plaintiffs. Separately, *ST Dongjing announced its stock will be suspended for one day on July 22, 2026, and will resume trading on July 23, 2026, with its delisting risk warning removed and its name changing to Dongjing Electronics. AI

RANK_REASON Legal ruling on a significant asset freeze related to a prominent business figure's estate. [lever_c_demoted from significant: ic=1 ai=0.1]

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• Dongjing Electronics
• Hangzhou Wahaha Group
• HK$250,000
• Hong Kong High Court
• Jian Hao Ventures Limited
• Kelly Zong
• OpenAI
• *ST Dongjing
• WAIC 2026
• Zong Qinghou

• policy
• other

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