Tycoon8217;s divorce payout set at 150 mn

Saunders said the couple lived a 8220;lifestyle which was best described as just below that of a US-dollar billionaire8221;,and ruled that Tsang,a 38-year-old solicitor,should be kept in the comfort to which she had become accustomed.

The settlement represented 20 per cent of the couple8217;s assets,less than the 55 per cent demanded by Tsang,according to the Hong Kong Standard daily,which said the ruling sealed 8220;Hong Kong8217;s reputation as Asia8217;s divorce capital8221;.

Tsang reacted with a 8220;cheer and a broad smile8221; when she read the decision,the South China Morning Post reported.

8220;I8217;m delighted that the proceeding has now concluded,8221; she was quoted as saying at the court.

The ruling included a Hong Kong property worth HK dollars 250 million,a London property valued at HK dollars 30.53 million,HK dollars 3.5 million for cars,HK dollars 5 million for a yacht and HK dollars 4.6 million for club memberships in Hong Kong and Britain.