Actor and entrepreneur of Lucrative Skill Holdings, Nicholas Tse, has become the largest shareholder in Hong Kong's See Corporation Limited, said a Forbes report.
The investment firm had cut a deal with Tse where it had agreed to buy over 60 per cent of his Lucrative Skill Holdings for HK$122.5 million (S$20.3 million). This was exchanged for 350 million shares worth HK$0.35 each, giving Tse a 18.98 per cent stake in See Corp.
Following the transaction, speculators viewed the 34-year-old as See Corp's single largest shareholder and this quickly produced a 97 per cent gain in shares from HK$0.35 to HK$0.75 on Friday, Oct 31, reported South China Morning Post.
Tse's Lucrative Skill Holdings is a post-production firm that serves film and advertising clients, and is based in Hong Kong, Beijing and Shanghai.
See Corp is an investment holdings company which has roots in Hong Kong, China and Malaysia. It manages entertainment and media businesses, produces and distributes films and television programmes.
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The Straits Times reported that some fans had said on the Internet that his recent reunion with his old flame Faye Wong, 45, has brought the new tycoon some good luck.
When asked about this latest financial undertaking, The Straits Times reported that Tse had said through his manager: "I will continue to work hard".
