Winnie Ho stays silent amid media circus around Stanley
One observer who must be watching the events surrounding Stanley Ho Hung-sun's 'succession planning' with a considerable sense of schadenfreude is his estranged sister, Winnie Ho Yuen-ki (below). She, it will be recalled, has issued more than 30 lawsuits against her brother in recent decades.
Among her various suits is the claim that for more than 45 years Stanley ignored one of STDM's articles of incorporation requiring it to pay 15 per cent of the company's profits to preference shareholders and the rest to ordinary shareholders such as herself. STDM holds most of Stanley Ho's interests in Macau including the highly lucrative gambling concessions.
She also claims that Stanley Ho outmanoeuvred her in reducing her stake in STDM over the years while increasing his own.
Stanley denies these claims. Despite these clashes, Stanley did ask Winnie to take over the management of the Macau casinos in 1977 and did so until December 2001 when she was fired after filing a suit to compel STDM to register her shares in the name of her company rather than her name, in an effort to protect the shareholding in the event of her death.
She has yet to comment on the current family chaos. However, as things stand her holdings in STDM amount to 7.3 per cent while Stanley's stake has dropped to less than 1 per cent.
