Shun Tak Holdings

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.

Shun Tak gets nod on Belcher Gardens

SHUN Tak Holdings is finalising designs for its long-stalled Belcher Gardens redevelopment after winning over the last handful of protesting property owners affected by the scheme.

Wednesday, 19 July, 1995, 12:00am

Deals clear way for Shun Tak

A START on Shun Tak Holdings' long-awaited $10 billion Belcher Gardens redevelopment project now looks close.

Shun Tak intends to turn the ageing housing estate into a modern 10-tower residential development in Pokfulam Road, with a gross floor area of 2.7 million square feet.

21 Jun 1995 - 12:00am

Ho lands helicopter deals after cash ban on ferries

STANLEY HO announced yesterday that he had secured five contracts for his helicopter charter business after banning cash transfers on his Jetfoil ferries.

Mr Ho, the group executive chairman of Shun Tak Group which operates the Macau-Hong Kong Jetfoils, confirmed yesterday that an interim ban on carrying cash would be permanently enforced.

16 Jun 1995 - 12:00am

Sluggish jetfoils may cap Shun Tak profit

SLUGGISH jetfoil operations should limit the after-tax profits growth at Stanley Ho's Shun Tak Holdings to about 12 per cent, at slightly more than $770 million, for the year to December 31, analysts say.

Results announced today would be 'very ordinary', mainly because of a downturn in jetfoil business, which accounts for nearly 70 per cent of Shun Tak's revenues.

22 Mar 1995 - 12:00am

Lucky for some that reputations don't travel

SHUN Tak Holdings is one of the world's best small companies.

This remarkable tribute to Stanley Ho is contained within the latest edition of Forbes magazine.

3 Nov 1994 - 12:00am

Venture to spend $1b developing shipyards

SHUN Tak Holdings and China Merchants Holdings (Hong Kong) are teaming up to plough $1 billion into redeveloping their two former shipyards in Cheung Sha Wan into a massive single industrial complex.

The redevelopment will comprise five towers with a total floor space of 2.5 million sq ft, making it the largest single industrial complex in the area.

10 Sep 1994 - 12:00am

Shun Tak calls on 21st century units

WHILE many may fret about what 1997 may bring, some investors in Stanley Ho's Shun Tak group have suddenly found that 2067 is upon them, 73 years too early.

The company is calling on them to exercise their rights on warrants which were originally designed to run all the way into and beyond the middle of the next century.

20 Jun 1994 - 12:00am

The striptease psychology of annual reports

THE annual reports of most companies are like posh underwear: the visual effect is stunning but the most interesting bits stay covered up.

So here's a peek of flesh: the Hotel Bela Vista in Macau was on average only 55.6 per cent full in 1993.

14 May 1994 - 12:00am

Shun Tak secure credit

SHUN Tak Group yesterday signed a HK$1 billion three-year revolving credit facility agreement with a syndicate arranged by Banque Nationale de Paris, Citicorp International and Commerzbank Aktiengesellschaft.

The funds will be used in investment projects in Hong Kong, Macau and China - including the Lai Chi Kok shipyard redevelopment - and as working capital.

23 Mar 1994 - 12:00am

Universal Appliances reveals buyout proposal

UNIVERSAL Appliances announced yesterday that an independent third party was proposing to acquire the company which might give rise to an obligation to make a general offer.

The share was the best performing stock of the day. Universal Appliances is a company chaired by Stanley Ho and manufactures consumer electrical products.

18 Jan 1994 - 12:00am

Stocks dip on news of police inquiry

STOCK prices of the seven companies raided on Tuesday by the Commercial Crime Bureau (CCB) fell yesterday as nervous investors sold shares in the wake of the news that a lengthy police investigation would look into the affairs of Tomson Pacific and World Trade Centre Group.

Tomson Pacific was the hardest hit, tumbling 32.5 cents or 11.11 per cent to $2.60.

16 Dec 1993 - 12:00am

Shun Tak eyes convertibles

SHUN Tak Holdings is considering issuing US$200 million in convertible bonds to fund property development in Hong Kong.

Its chairman, Stanley Ho Hung-sun, said issuing convertible bonds was one alternative for raising funds, but emphasised that there would be no equity issue at this stage.

26 Sep 1993 - 12:00am

Buy at Melco

SHUN Tak Holdings has increased its stake to 71.19 per cent in Melco International Development.

Shun Tak also owns 18.3 million Melco warrants, representing 57.06 per cent of the outstanding warrants.

25 Jun 1993 - 12:00am

Shun Tak Holdings to bid for large stake in Melco

SHUN Tak Holdings is selling its 86.22 per cent interest in three floating Chinese restaurants and a carpark podium to Melco International Development for $435.24 million, and will make a general offer for Melco shares.

Melco will pay $120 million in cash for the assets and will fund the remainder by the allotment of 1.37 billion shares at 22.9 cents each to Shun Tak.

23 Apr 1993 - 12:00am

Market misses potential of Shun Tak profit flood

SHUN Tak Holdings remains the major listed beneficiary of the booming economies of Macau and neighbouring Zhuhai. Yet its share price has so far failed to match its dynamic earnings outlook, making it a highly attractive investment.

19 Feb 1993 - 12:00am