India, Nov. 12 -- A 15-year-long divorce case in China has finally ended, with a court ordering a well-known investor to pay his ex-wife about 536 million yuan (US$75 million or Rs.664.7 crore).
According to a report by the South China Morning Post, the case involves 63-year-old Zhao Bingxian, often called "China's Warren Buffett" for his success in financial investments, and his ex-wife Lu Juan.
The Beijing No. 3 Intermediate People's Court ruled that the couple must evenly split their shares in Beijing Zhongzheng Wanrong Investment Group, an investment company they co-founded.
Zhao will now pay Lu her half based on the current value of their jointly owned shares, SCMP reported.
The ruling came after years of legal battles. The compa...
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