Gigi Lai’s Net Worth Reportedly Grew By S$55mil In 10 Days After Meitu Bought Into Her Company
The Chinese developer is now the second largest shareholder after Gigi.
Looks like former Hongkong actress Gigi Lai now has more spare change to grow her portfolio of properties.
After the 49-year-old left showbiz in 2008, she took over her brother's cosmetics biz CosMax and grew them into a chain of aesthetic beauty clinics.
According to reports, her company, the Hong Kong Stock Exchange-listed company Miricor Enterprises Holdings, was recently bought into by Chinese developer Meitu.
Meitu, which owns super popular beauty enhancing photo app Meitu Xiuxiu, acquired 5,000 shares in Miricor, increasing its total holdings to 20 million shares.
It now owns a 5 per cent stake in Miricor, making it the second largest shareholder after Gigi, who has a 68.75 per cent stake.
After the news broke on August 24, Miricor’s shares surged 90.83 per cent in 10 days and the transaction volume rose significantly, boosting the value of Gigi’s shares by HK$319mil (S$55.1mil).
Gigi quit showbiz in 2008 to take over her brother’s skincare business after the latter was involved in a serious car accident that left him wheelchair-bound.
In 2009, she married 64-year-old billionaire businessman, Patrick Ma, whose family owns Hongkong’s largest media group, the Oriental Press Group. The couple have three daughters, 10-year-old twins Pricia and Gianna, and Pagella, eight,
Photos: Gigi Lai/Instagram
