Tycoon’s divorce payout set at $150 mn

Saunders said the couple lived a “lifestyle which was best described as just below that of a US-dollar billionaire”,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 couple’s assets,less than the 55 per cent demanded by Tsang,according to the Hong Kong Standard daily,which said the ruling sealed “Hong Kong’s reputation as Asia’s divorce capital”.

Tsang reacted with a “cheer and a broad smile” when she read the decision,the South China Morning Post reported.

“I’m delighted that the proceeding has now concluded,” 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.