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Sister of Asia's richest woman to take control, newspaper says

Sister of Asia's richest woman to take control, newspaper says

The sister of Asia's richest woman, Nina Wang, who died this week, will take control of her real estate empire, a report said yesterday, citing her personal assistant.
Ringo Wong told the English-language Standard newspaper that a triumvirate, including Wang's younger sister, Kung Yan-sum, would manage the conglomerate following the tycoon's death on Tuesday from an unspecified illness. She was 69.
Forbes magazine estimated Wang's fortune at US$4.2 billion. Speculation remains rife about who will inherit her money.
The report said Wang's brother would remain in charge until a trust fund board being set up to run the business officially put the sister in charge. Citing an unnamed source close to the family, the newspaper also said the childless Wang had wanted her body to be cremated because her husband Teddy Wang's body was never found. He was kidnapped in 1990.
"Nina had repeatedly stated she wished to be cremated since Teddy has not been found," the source was quoted as saying.
Quoting Nina Wang, the source said: "If we cannot be buried together, I don't want to sleep down there all alone."
Wong said Wang's family will decide whether to fulfill her wishes to be cremated in the next few days.
Wong also denied remarks made by Wang's friend and Macau casino magnet Stanley Ho, who said Wang would not spend money to treat her illness. He said her illness was ovarian cancer, although that has been denied by Wong.
Ho claimed that Wang, who was known for wearing free clothes made by friends and dining out only at fast food restaurants, had been ill for three years but did not see her doctors until very late in her illness. He cited her frugality for the delay in seeking help.
Wang spent much of the past 10 years of her life successfully fending off her 96-year-old father-in-law Wang Din-shin's claim that she had forged her husband Teddy's will after he disappeared in 1990. He was legally declared dead nine years later.