• Thu
  • Aug 28, 2014
  • Updated: 5:54pm

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 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.

Monday, 20 June, 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