Wahaha Inheritance Dispute: Founder's Daughter Named Sole Director of Jian Hao Ventures

On July 21, it was revealed that the sole director of Jian Hao Ventures Limited, the second defendant in the Wahaha inheritance dispute, is the daughter of the company's founder. The decision and consent to the appointment were last archived on March 7, 2024.

Previously, it was disclosed that Jian Hao Ventures Limited, a company registered in the British Virgin Islands, is the second defendant in the case. The temporary injunction issued by the court involves a HSBC account registered under the company's name.

The temporary injunction prohibits the daughter of the company's founder and Jian Hao Ventures Limited from disposing of, dealing with, or reducing the value of any assets in the HSBC account, either directly or through agents or any other means. It also prohibits the disposal or reduction of any substitute property or recoverable income of the assets that have been in the HSBC account since February 2, 2024, until the delivery of the injunction.

This development comes as part of the ongoing legal battle over the inheritance of the Wahaha Group, a prominent beverage company in China. The dispute involves the founder's children, who are seeking to claim their share of the company's assets. The revelation of the daughter's role as the sole director of Jian Hao Ventures Limited adds a new layer of complexity to the case, as it suggests that she may have significant control over the company's financial affairs.

The temporary injunction issued by the court is a significant step in the legal proceedings, as it aims to prevent the dissipation of assets that may be subject to the inheritance dispute. The injunction underscores the court's commitment to ensuring that the assets are preserved for the benefit of all parties involved in the dispute.

The case highlights the challenges that can arise in inheritance disputes, particularly when they involve complex corporate structures and significant financial assets. The revelation of the daughter's role as the sole director of Jian Hao Ventures Limited is likely to be a key factor in the ongoing legal proceedings, as the court seeks to determine the extent of her control over the company's assets and her role in the inheritance dispute.