Latest news with #RM23.5
New Straits Times
6 days ago
- Entertainment
- New Straits Times
#SHOWBIZ: Faye Wong's ex-husband works hard to repay RM23.5mil debt amidst divorce rumours
BEIJING: In 2023, former Chinese actor Li Yapeng, the ex-husband of pop diva Faye Wong, revealed he was more than 40 million yuan (RM23.5 million) in debt following a failed investment. Two years on, the 53-year-old is still struggling to recover financially, with his current wife, Haiha Jinxi, sharing the burden. According to China Press, Li has been actively working to generate income to settle his debts. To make matters worse, recent rumours have suggested a divorce between him and Haiha, who is 19 years his junior. While the actor has remained silent on the speculation, his wife posted a video to deny the claims. She clarified that they were only living apart due to work commitments in different locations. "It's true that we haven't been together for a while, but just because we've been apart for some time doesn't mean we're getting a divorce," she said. Haiha, a livestreamer, added that she had relocated to be closer to her company. Li and Wong married in 2005 and divorced in 2013. He announced his departure from the entertainment scene a year later to focus on his business ventures. The origin of Li's financial difficulties dates back to 2012, when he and his brother formed a partnership with Taihe Youlian Investment to develop leisure tourism in Yunnan, China. The Chinese company subsequently sued the brothers in 2015 after they failed to repay the agreed investment amount. Li and Haiha married in 2022 and have a daughter named Li Xia.
New Straits Times
30-04-2025
- Business
- New Straits Times
WTK Holdings disposes logging unit for RM23.5mil
KUALA LUMPUR: WTK Holdings Bhd today entered into a sale and purchase share agreement with Huang Qian Wen to sell its 100 per cent stake in Song Logging Company Sdn Bhd (SLCSB) for RM23.5 million. In a Bursa Malaysia filing today, it said the proposed disposal entailed selling 2.51 million ordinary shares in SLCSB, which is mainly engaged in extracting and selling logs and timber products in Sarawak. WTK said the group is undergoing a strategic shift to focus on more commercially sustainable and profitable business segments. Given the challenges faced by the timber sector, the group aims to prioritise its plantation and food operations, which have demonstrated stronger growth potential and profitability in recent years. "Divesting non-core timber assets allows the group to streamline its focus and allocate resources more effectively for sectors with long-term growth prospects. "The proposed disposal will enable WTK Group to optimise its profitability by shedding non-core and less profitable businesses. (This) is expected to enhance operational efficiency and improve the overall financial health of the group," it said.
