Terri Holladay, the leggy ex-girlfriend of pensionable playboy Cecil Chao Sze-tsung has a new love in her life. She is living with 42-year-old Paolo, an Italian businessman in the leather industry, whom she met last October. A friend of the former model said: 'She is very happy and very in love. The couple have been living together for the past month . . . and Roman [her 10-year-old son fathered by Cecil] likes his new uncle very much.' Terri (left) was the unwilling star in one of the biggest real-life soap operas of 1990s Hong Kong as a result of the tempestuous nature of her love life with billionaire property tycoon Chao. The giddy story reached its height when the American-Vietnamese model discovered her 'marriage' to the playboy had been a sham. For the past few years, following a 'sizeable financial settlement' from Chao, she has lived a low-profile life as a mother and sometime model.