Core Viewpoint - The ongoing legal dispute involving Zong Fuli, the current chairwoman of Wahaha Group and daughter of founder Zong Qinghou, has raised significant attention due to allegations from three self-identified half-siblings regarding inheritance matters and trust funds [1][6]. Group 1: Legal Proceedings - The plaintiffs, Zong Jichang, Zong Jieli, and Zong Jisheng, filed a lawsuit against Zong Fuli and Jian Hao Ventures Limited in the Hong Kong High Court on December 30, 2024, shortly after Zong Qinghou's passing [6]. - The court has issued a temporary injunction based on the review of the original summons and supporting documents, which includes a confirmation letter from Zong Jichang dated December 29, 2024 [6]. - The plaintiffs have requested Zong Fuli to fulfill four disclosure obligations within seven days, which the court has supported, including the latest balance at HSBC Hong Kong [6]. Group 2: Trust Fund Allegations - The three plaintiffs claim that Zong Qinghou promised to establish a trust fund for them at HSBC Hong Kong [8]. - However, sources close to HSBC have indicated that no such trust fund was set up by Zong Qinghou, raising questions about the validity of the plaintiffs' claims [9]. - Legal experts have noted that if a trust had been established, the trust's financial transactions would require authorization from its directors, and the plaintiffs would not typically have direct access to the trust's accounts unless specified in the trust documents [10].

Core Viewpoint - The recent lawsuit involving Zong Fuli, the chairwoman of Wahaha Group, due to inheritance disputes has attracted market attention, although the company claims it is an internal family matter unrelated to its operations [1][5]. Group 1: Inheritance Dispute - Zong Fuli is being sued in Hong Kong by her half-siblings, Zong Jichang, Zong Jieli, and Zong Jisheng, who are seeking to freeze approximately $1.8 billion in assets and claim $2.1 billion in trust rights promised by their late father, Zong Qinghou [2][4]. - The plaintiffs allege that Zong Qinghou instructed the establishment of a trust through HSBC in Hong Kong, with an account balance of about $1.8 billion as of early 2024 [4]. - Zong Fuli's legal representatives question the validity of the evidence presented by the plaintiffs, stating they have not been informed of any relevant instructions from Zong Qinghou [5]. Group 2: Company Operations and Management - Wahaha Group has shut down 18 production lines this year, with about 5 of these factories having shareholders who are plaintiffs in the inheritance case [6][9]. - The company stated that the closures are part of a strategy to enhance market responsiveness and optimize production and sales structures [6]. - Following Zong Qinghou's death, Zong Jichang and Zong Jieli were appointed as directors in several Wahaha subsidiaries, indicating their increasing involvement in the company's management [6][7]. Group 3: Company Performance - Despite the ongoing controversies, Wahaha Group's sales performance remains strong, with projected revenues for 2024 expected to reach around 70 billion yuan, an increase of approximately 20 billion yuan from the previous year [11].

Core Viewpoint - The recent change in the actual controller of *ST Jinbi (002762.SZ) has led to a significant increase in the company's stock price, despite the new controller, Chen Keru, being embroiled in a family estate dispute and the acquisition entity, Shanghai Yuancheng Technology Co., Ltd., facing compulsory liquidation [1][3][9]. Group 1: Acquisition and Control Change - *ST Jinbi announced a plan for a change in actual controller, with Chen Keru intending to acquire 13.3% of the company's shares through Yuancheng Technology [3]. - The ultimate controlling shareholder of Yuancheng Technology is Shanghai Haoran Chunhui Enterprise Management Partnership, which is currently facing compulsory liquidation [6][8]. - The acquisition's success hinges on whether Chen Keru remains the actual controller of Yuancheng Technology post-liquidation [1][8]. Group 2: Legal and Financial Implications - The compulsory liquidation of Haoran Chunhui may affect the control stability of *ST Jinbi, as the actual controller's status is uncertain [8]. - The liquidation process involves potential disputes over the assets and shares of Haoran Chunhui, which could complicate the acquisition [7][8]. - Chen Keru's relationship with the deceased partner, Chen Ping, and the subsequent inheritance disputes may further complicate the acquisition process [9][10]. Group 3: Stakeholder Reactions - Chen Keru's half-siblings, Chen Yulong and Chen Yuhu, have expressed strong opposition to the acquisition, raising concerns about the source of funds and the risks associated with acquiring a troubled company [10]. - The family dynamics and ongoing legal disputes surrounding the estate of Chen Ping could pose additional risks to the acquisition's feasibility [9][10].