Zhao Wei’s 15.9 mln yuan stakes in three firms frozen

Chinese actress and businesswoman Zhao Wei has had her stakes in three companies frozen by a Beijing court for three years, with the total value of the frozen assets reaching 15.9 million yuan (HK$17.39 million), according to the National Enterprise Credit Information Publicity System.

This is not Zhao’s first legal entanglement related to her business dealings. In 2017, she and her then husband, Huang Youlong, were fined 300,000 yuan each and banned from China’s securities market for five years over disclosure violations tied to a takeover attempt.

She was also involved in a contract dispute with China Minsheng Trust in 2021, which led to several stakes she held—ranging in value from 126,000 yuan to 9 million yuan—being frozen by authorities. Zhao revealed on her social media late last year that she and Huang had divorced several years earlier.

Zhao, once an active investor with equity stakes in as many as 17 companies spanning film, entertainment, investment, technology and real estate, has seen her business footprint shrink in recent years as many of her firms were either dissolved or had their licenses revoked.

STAFF REPORTER