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Stanley Ho

Stanley Ho moves stake to daughters' firm

PUBLISHED : Thursday, 02 December, 2010, 12:00am
UPDATED : Thursday, 07 May, 2015, 4:43pm

Casino mogul Stanley Ho Hung-sun transferred part of his personal stake in Shun Tak Holdings to a company that is owned by his daughters. A stock exchange filing shows that on November 29, Ho reduced his holdings from 20.27 per cent to 8.74 per cent. Ranillo Investments' stake in Shun Tak increased from 6.83 per cent to 18.39 per cent. Pansy Ho, Daisy Ho and Maisy Ho each hold a 20 per cent stake in Ranillo.