The 78-year-old boss of Laura Ashley has been ordered to pay his ex-wife £64m to settle their long-running divorce row. Pauline Chai, who was crowned Miss Malaysia in 1969, was seeking £100m from Khoo Kay Peng following their split after 42 years of marriage. She claimed their assets were worth at least £205m. She claimed she had contributed to her husband’s success by being a “traditional” wife, and that she and Khoo had made a sharing agreement entitling her to half of the family wealth. Khoo, who is non-executive chair of Laura Ashley Holdings, argued that his former wife should only receive £9m. On Thursday, Mr Justice Bodey ruled Chai should receive a £64m settlement made up of cash and property.
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