Tycoon Joseph Lau reveals details of breakup with ex-girlfriend in full-page newspaper announcement
Lau says he gave Yvonne Lui Lai-kwan money, jewellery and other gifts worth more than HK$2 billion
In a full-page announcement printed in several newspapers on Tuesday, fugitive tycoon Joseph Lau Luen-hung said he had broken up with former girlfriend Yvonne Lui Lai-kwan in 2014.
The 65-year-old controlling shareholder of stock market-listed developer Chinese Estates Holdings said he had issued the five-point statement in response to “untrue reports in the media”.
His continued contact and correspondence with Lui, 37, a former Miss Hong Kong semi-finalist and holder of a chemistry doctorate, were solely because she was the mother of his two children, he added.
“Prior to the breakup, I maintained and took care of Ms Lui and gave her lots of money, jewellery and other gifts, the total value of which exceeded HK$2 billion,” Lau revealed.
“Ms Lui has accumulated considerable wealth, and she is now a very wealthy woman. She can maintain a luxurious lifestyle by herself without my financial support.”