SJM Holdings said on a stock filing that the company is “closely monitoring” the family dispute regarding Stanley Ho Hung Sun’s assets. In the filing, dated from February 2, SJM Holdings said it “has noted the various statements and comments made by various concerned parties, including Dr Ho, in connection with the Lanceford arrangement”. SJM Holdings stressed it “remains of the view that the change in Lanceford’s shareholding structure among Dr Ho and his family members has no significant effect on the overall ownership of the company and that there will be no material change in management or strategic direction of the company”. Also on February 2, SJM Holdings’ chief executive officer, Ambrose So Shu Fai, said that, even with the Mr Ho affair, the gaming operator “continues to be a market leader” and that its management and strategy remain unchanged. This is the latest episode in the case of Mr Ho’s transfer of his 32 percent stake in STDM, held by Lanceford company, to family-run firms Action Winner Holdings Ltd and Ranillo Investments Ltd. Action Winner Holdings Ltd is 100 percent owned by Mr Ho’s third wife, Ina Chan Un-chan, while Ranillo Investments Ltd. is owned by Mr Ho’s five children to his second wife, Lucina Laam: Pansy, Daisy, Maisy, Josie and Lawrence. Mr Ho was STDM’s largest shareholder. STDM is the parent company of Macau-based gaming operator SJM Holdings.
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