Shun Tak Holdings is the property, transport, hospitality and investment arm of gambling mogul Stanley Ho Hung-sun, who controlled the company until late 2010 when it was restructured. The company’s shipping division, operates ferry services between Hong Kong and Macau.
Underlying profit at Shun Tak Holdings, which runs businesses from property to shipping and hotels, surged 225.61 per cent year on year to HK$534 million in the first half of the year, driven mainly by strong property sales.Friday, 29 August, 2014, 3:07pm
Shun Tak said its first-half net profit fell 33 per cent year on year to HK$672 million but that Macau and Hong Kong property would boost earnings in the second half.22 Aug 2013 - 2:13am
The low-cost carrier (LCC) joint venture between China Eastern Airlines and Qantas' Jetstar Group is now more confident that with a local shareholder the government will recognise it as a Hong Kong-designated carrier and give it a licence.7 Jun 2013 - 3:46am
Shun Tak Holdings is paying US$66 million for a third of the shares of Jetstar Hong Kong, the low-cost carrier awaiting regulatory clearance. The announcement came two days after the Hong Kong government said it had stopped processing applications of new airlines.29 Aug 2013 - 4:13am
The company said core earnings amounted to HK$453 million for the year to December, up from HK$384 million in 2011. Taking into account HK$2.11 billion in revaluation gains from investment properties, net profit was HK$2.56 billion last year, more than triple the HK$781 million recorded in 2011.26 Mar 2013 - 5:43am
Media attention on Stanley Ho Hung-sun fixates on his colourful personal life and family, and the acrimonious battle over his assets a couple years back.
Lest we forget, Ho also founded Sociedade de Jogos de Macau (SJM), the pioneer casino operator in Macau, on which he built a highly profitable Macau-Hong Kong conglomerate spanning gaming, property and transport.5 Nov 2012 - 3:25am
Shun Tak Holdings, which runs businesses ranging from property to shipping and hotels, says it plans to build 'an ultra-luxury hotel' on Macau's Cotai strip in view of the strong growth in its hospitality business.27 Mar 2012 - 12:00am
Shun Tak Holdings' rights issue has highlighted the loophole that allows holders of odd-lot shares to benefit from highly discounted issues. Odd lots are those that have less than the number of shares in a normal lot.12 Mar 2012 - 12:00am
Now chief secretary's car gets in on the double-parking act1 Dec 2011 - 12:00am
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.2 Dec 2010 - 12:00am