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.
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.