Latest news with #US700
Sydney Morning Herald
13-07-2025
- Business
- Sydney Morning Herald
‘Princess of Wahaha': China heiress in $3 billion inheritance feud with siblings
A $US2 billion ($3 billion) wealth tussle at one of China's largest beverage empires is unfolding in a Hong Kong courtroom. The battle pits three plaintiffs who say they are half-siblings of Hangzhou Wahaha Group's Kelly Zong in a lawsuit against the heiress of the drinks company. They are seeking an injunction preventing her from dealing with assets held in an HSBC bank account. The three plaintiffs — Jacky, Jessie and Jerry Zong — were identified by their lawyer as Kelly's 'half brothers and sister,' revealing their connection to her for the first time. Known as the 'Princess of Wahaha' in China, Kelly had been until now been publicly regarded as the only child of the late Wahaha beverage tycoon, Zong Qinghou. Loading The plaintiffs' lawyer stated that the three are also pursuing legal action in a Hangzhou court to secure rights to trusts — each valued at $US700 million — which they claim were promised to them by their late father. When Qinghou died at the age of 79 in February last year, Kelly took charge of the privately-held group after spending months settling internal shareholder disputes. The plaintiffs say Qinghou asked his subordinates to help set up trusts for them at HSBC in Hong Kong and later also requested that the assistants convert yuan into US dollars when the funds proved insufficient. They are requesting that Kelly honor their father's will, pay millions in interest on their assets, and compensate them for losses incurred from the transfer of their funds.
The Age
13-07-2025
- Business
- The Age
‘Princess of Wahaha': China heiress in $3 billion inheritance feud with siblings
A $US2 billion ($3 billion) wealth tussle at one of China's largest beverage empires is unfolding in a Hong Kong courtroom. The battle pits three plaintiffs who say they are half-siblings of Hangzhou Wahaha Group's Kelly Zong in a lawsuit against the heiress of the drinks company. They are seeking an injunction preventing her from dealing with assets held in an HSBC bank account. The three plaintiffs — Jacky, Jessie and Jerry Zong — were identified by their lawyer as Kelly's 'half brothers and sister,' revealing their connection to her for the first time. Known as the 'Princess of Wahaha' in China, Kelly had been until now been publicly regarded as the only child of the late Wahaha beverage tycoon, Zong Qinghou. Loading The plaintiffs' lawyer stated that the three are also pursuing legal action in a Hangzhou court to secure rights to trusts — each valued at $US700 million — which they claim were promised to them by their late father. When Qinghou died at the age of 79 in February last year, Kelly took charge of the privately-held group after spending months settling internal shareholder disputes. The plaintiffs say Qinghou asked his subordinates to help set up trusts for them at HSBC in Hong Kong and later also requested that the assistants convert yuan into US dollars when the funds proved insufficient. They are requesting that Kelly honor their father's will, pay millions in interest on their assets, and compensate them for losses incurred from the transfer of their funds.
The Advertiser
10-07-2025
- Entertainment
- The Advertiser
New Superman movie director dismisses 'nonsense' claims
James Gunn's new Superman movie is "not the riskiest endeavour in the world". The 58-year-old filmmaker - who also serves as the CEO of DC Studios - wrote and directed the new Superman film, but he insists that it's not a make-or-break project for DC. Speaking to GQ magazine, Gunn said: "This is not the riskiest endeavour in the world. Is there something riding on it? Yeah, but it's not as big as people make it out to be." Gunn has rubbished suggestions that the new movie - which stars David Corenswet and Rachel Brosnahan - has to make as much as $US700 million ($A1.1 billion) in order to be considered a success. The director suggested that DC Studios will be fine, regardless of how Superman performs at the box office. Gunn - who previously helmed movies such as Guardians of the Galaxy and Slither - said: "They hear these numbers that the movie's only going to be successful if it makes $700 million or something and it's just complete and utter nonsense. It doesn't need to be as big of a situation as people are saying." Earlier in 2025, James claimed that "people are looking for heroes right now". The filmmaker also revealed that he was feeling optimistic about the new Superman film. Speaking to The Hollywood Reporter at a DC press event, he explained: "... he's the right Superman because he is a character that stands for something that is solid, stands for basic human morals, basic human integrity, basic belief in protecting others and protecting the weak being good to people and being honest. "People are looking for heroes right now. They are looking for values of goodness, looking for people who are good and decent human beings. And Superman is that." Gunn also revealed that Warner Bros planned to throw their full weight behind the promotional campaign for the film. The director said: "DZ (David Zaslav, the CEO of Warner Bros. Discovery) loves what we're doing, loves the movie, and has really rallied the entire company behind Superman for this summer. "You've seen what can happen when Warner Bros. Discover gets together behind a Barbie or a Beetlejuice or a Wonka or Kong. And that's how its being treated right now for Superman. Everything that DZ has promised us two years ago when we got the job, it's all been a reality." Gunn and Peter Safran became the co-chairmen and co-CEOs of DC Studios in 2022. And the duo remain committed to bringing popular comic book characters to life in the coming months and years. Gunn shared: "We don't want these characters to die out. "We want to bring new stories and new life, we want to introduce these characters to new generations. And I think we are doing that, slowly but surely." James Gunn's new Superman movie is "not the riskiest endeavour in the world". The 58-year-old filmmaker - who also serves as the CEO of DC Studios - wrote and directed the new Superman film, but he insists that it's not a make-or-break project for DC. Speaking to GQ magazine, Gunn said: "This is not the riskiest endeavour in the world. Is there something riding on it? Yeah, but it's not as big as people make it out to be." Gunn has rubbished suggestions that the new movie - which stars David Corenswet and Rachel Brosnahan - has to make as much as $US700 million ($A1.1 billion) in order to be considered a success. The director suggested that DC Studios will be fine, regardless of how Superman performs at the box office. Gunn - who previously helmed movies such as Guardians of the Galaxy and Slither - said: "They hear these numbers that the movie's only going to be successful if it makes $700 million or something and it's just complete and utter nonsense. It doesn't need to be as big of a situation as people are saying." Earlier in 2025, James claimed that "people are looking for heroes right now". The filmmaker also revealed that he was feeling optimistic about the new Superman film. Speaking to The Hollywood Reporter at a DC press event, he explained: "... he's the right Superman because he is a character that stands for something that is solid, stands for basic human morals, basic human integrity, basic belief in protecting others and protecting the weak being good to people and being honest. "People are looking for heroes right now. They are looking for values of goodness, looking for people who are good and decent human beings. And Superman is that." Gunn also revealed that Warner Bros planned to throw their full weight behind the promotional campaign for the film. The director said: "DZ (David Zaslav, the CEO of Warner Bros. Discovery) loves what we're doing, loves the movie, and has really rallied the entire company behind Superman for this summer. "You've seen what can happen when Warner Bros. Discover gets together behind a Barbie or a Beetlejuice or a Wonka or Kong. And that's how its being treated right now for Superman. Everything that DZ has promised us two years ago when we got the job, it's all been a reality." Gunn and Peter Safran became the co-chairmen and co-CEOs of DC Studios in 2022. And the duo remain committed to bringing popular comic book characters to life in the coming months and years. Gunn shared: "We don't want these characters to die out. "We want to bring new stories and new life, we want to introduce these characters to new generations. And I think we are doing that, slowly but surely." James Gunn's new Superman movie is "not the riskiest endeavour in the world". The 58-year-old filmmaker - who also serves as the CEO of DC Studios - wrote and directed the new Superman film, but he insists that it's not a make-or-break project for DC. Speaking to GQ magazine, Gunn said: "This is not the riskiest endeavour in the world. Is there something riding on it? Yeah, but it's not as big as people make it out to be." Gunn has rubbished suggestions that the new movie - which stars David Corenswet and Rachel Brosnahan - has to make as much as $US700 million ($A1.1 billion) in order to be considered a success. The director suggested that DC Studios will be fine, regardless of how Superman performs at the box office. Gunn - who previously helmed movies such as Guardians of the Galaxy and Slither - said: "They hear these numbers that the movie's only going to be successful if it makes $700 million or something and it's just complete and utter nonsense. It doesn't need to be as big of a situation as people are saying." Earlier in 2025, James claimed that "people are looking for heroes right now". The filmmaker also revealed that he was feeling optimistic about the new Superman film. Speaking to The Hollywood Reporter at a DC press event, he explained: "... he's the right Superman because he is a character that stands for something that is solid, stands for basic human morals, basic human integrity, basic belief in protecting others and protecting the weak being good to people and being honest. "People are looking for heroes right now. They are looking for values of goodness, looking for people who are good and decent human beings. And Superman is that." Gunn also revealed that Warner Bros planned to throw their full weight behind the promotional campaign for the film. The director said: "DZ (David Zaslav, the CEO of Warner Bros. Discovery) loves what we're doing, loves the movie, and has really rallied the entire company behind Superman for this summer. "You've seen what can happen when Warner Bros. Discover gets together behind a Barbie or a Beetlejuice or a Wonka or Kong. And that's how its being treated right now for Superman. Everything that DZ has promised us two years ago when we got the job, it's all been a reality." Gunn and Peter Safran became the co-chairmen and co-CEOs of DC Studios in 2022. And the duo remain committed to bringing popular comic book characters to life in the coming months and years. Gunn shared: "We don't want these characters to die out. "We want to bring new stories and new life, we want to introduce these characters to new generations. And I think we are doing that, slowly but surely." James Gunn's new Superman movie is "not the riskiest endeavour in the world". The 58-year-old filmmaker - who also serves as the CEO of DC Studios - wrote and directed the new Superman film, but he insists that it's not a make-or-break project for DC. Speaking to GQ magazine, Gunn said: "This is not the riskiest endeavour in the world. Is there something riding on it? Yeah, but it's not as big as people make it out to be." Gunn has rubbished suggestions that the new movie - which stars David Corenswet and Rachel Brosnahan - has to make as much as $US700 million ($A1.1 billion) in order to be considered a success. The director suggested that DC Studios will be fine, regardless of how Superman performs at the box office. Gunn - who previously helmed movies such as Guardians of the Galaxy and Slither - said: "They hear these numbers that the movie's only going to be successful if it makes $700 million or something and it's just complete and utter nonsense. It doesn't need to be as big of a situation as people are saying." Earlier in 2025, James claimed that "people are looking for heroes right now". The filmmaker also revealed that he was feeling optimistic about the new Superman film. Speaking to The Hollywood Reporter at a DC press event, he explained: "... he's the right Superman because he is a character that stands for something that is solid, stands for basic human morals, basic human integrity, basic belief in protecting others and protecting the weak being good to people and being honest. "People are looking for heroes right now. They are looking for values of goodness, looking for people who are good and decent human beings. And Superman is that." Gunn also revealed that Warner Bros planned to throw their full weight behind the promotional campaign for the film. The director said: "DZ (David Zaslav, the CEO of Warner Bros. Discovery) loves what we're doing, loves the movie, and has really rallied the entire company behind Superman for this summer. "You've seen what can happen when Warner Bros. Discover gets together behind a Barbie or a Beetlejuice or a Wonka or Kong. And that's how its being treated right now for Superman. Everything that DZ has promised us two years ago when we got the job, it's all been a reality." Gunn and Peter Safran became the co-chairmen and co-CEOs of DC Studios in 2022. And the duo remain committed to bringing popular comic book characters to life in the coming months and years. Gunn shared: "We don't want these characters to die out. "We want to bring new stories and new life, we want to introduce these characters to new generations. And I think we are doing that, slowly but surely."
