Legal battle over Hong Kong tycoon Lim Por-yen’s HK$2.9b estate set to rumble on

INTELLIGENCE SUMMARY

A 15-year legal battle over late tycoon Lim Por-yen’s HK$2.9 billion (US$371.8 million) estate is set to continue, with rival parties preparing for further legal action after a Hong Kong court ruled that his third wife and children were entitled to inherit part of his estate. Lim’s estate lodged an appeal after losing the legal battle last year, while Pearl Ling Meng-chu, daughter of Lim’s third wife, told the South China Morning Post that she had not ruled out taking further action. “She is...