Stanley Ho passes managing director post in SJM to his wife Angela Leong
Ms Leong told Macau Post Daily that her appointment was a “normal procedure” due to Mr Ho’s long recovery process from a head injury suffered in mid-2009. “It’s inconvenient for him to frequently travel to Macau and handle company matters,” she said. “That is why I was appointed.”
According to her, the appointment was formalised recently. “SJM is a local company, so I will do my best to help the company maintain its leading position in the industry.” Ms Leong was already one of the company’s directors. She is also a Macau legislator.
Earlier this month, Mr Ho transferred 7 % of SJM Holdings stake to Ms Leong. After the operation, he remained the company’s biggest shareholder, with a 56.34 % stake, while Ms Leong increased her participation to 7.69 %. SJM Holdings Limited is the holding company of SJM, one of the six local gaming concessionaires.
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