About the changes in its shareholding structure
Government awaits information on Sociedade de Jogos de Macau
(China).- The request was made following the family brawl involving Stanley Ho Hung Sun’s assets, government sources told Portuguese news agency Lusa. However, no reply has been received yet.
2011-02-16
Reading time 25 seg
This is the latest episode in the case of Ho’s transfer of his 32 percent stake in STDM, held by Lanceford, to family-run firms Action Winner Holdings Ltd and Ranillo Investments.
Action Winner Holdings is 100 percent owned by Ho’s third wife, Ina Chan Un-chan, while Ranillo Investments is owned by Ho’s five children to his second wife, Lucina Laam: Pansy, Daisy, Maisy, Josie and Lawrence.
Ho was STDM’s largest shareholder. STDM is the parent company SJM Holdings, which owns Sociedade de Jogos de Macau.
Gaming concession contracts state that operators must present all direct or indirect share transfers of at least 5 percent to the government for prior authorization.
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