https://www.scmp.com/rss/58981/feed 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. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Lam Ka-sing Lam Ka-sing Heartfelt tributes continued to be paid to Maisy Ho Chiu-ha, remembered as a dedicated philanthropist, after the daughter of late Hong Kong and Macau tycoon Stanley Ho Hung-sun died on Sunday, having led a notably private life. On Monday, official statements and tributes poured in from government officials and associations to mourn the loss of Maisy Ho, who had devoted herself to serving the community. She was one of 17 children of “king of gambling” Stanley Ho, and one of five siblings born to... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3349944/maisy-ho-remembered-dedicated-philanthropist-and-community-servant?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3349944/maisy-ho-remembered-dedicated-philanthropist-and-community-servant?utm_source=rss_feed Mon, 13 Apr 2026 14:32:20 +0000 Ambrose Li,Edith Lin Ambrose Li,Edith Lin Maisy Ho Chiu-ha, a daughter of late Hong Kong and Macau tycoon Stanley Ho Hung-sun, died on Sunday. Her siblings – Pansy Ho Chiu-king, Daisy Ho Chiu-fung, Josie Ho Chiu-yi and Lawrence Ho Yau-lung – disclosed the news in a statement but stopped short of revealing the cause of death. “We regretfully share that our beloved sister Maisy Ho passed away peacefully on April 12, 2026, surrounded by family,” they said. “We appreciate your condolences and ask for privacy during this difficult time.” She... https://www.scmp.com/news/hong-kong/society/article/3349781/maisy-ho-daughter-late-tycoon-stanley-ho-dies-age-57?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3349781/maisy-ho-daughter-late-tycoon-stanley-ho-dies-age-57?utm_source=rss_feed Sun, 12 Apr 2026 06:27:29 +0000 Jess Ma Jess Ma Beijing’s point man overseeing Hong Kong affairs has begun a five-day fact-finding visit to the city, his third since taking office. Sources have said Xia Baolong, director of the Hong Kong and Macau Affairs Office, will focus on assessing the city’s progress on both the development and security fronts. The Post examines the importance of Xia’s visits to the city – from his past itineraries to messages issued to city officials. 1. What will Xia be doing during his visit? Xia will attend a... https://www.scmp.com/news/hong-kong/politics/article/3314955/why-beijing-top-official-xia-baolong-hong-kong-5-day-visit?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3314955/why-beijing-top-official-xia-baolong-hong-kong-5-day-visit?utm_source=rss_feed Wed, 18 Jun 2025 13:19:18 +0000 The stock sell-off in Hong Kong has galvanised some of the biggest companies to rush out their buy-back programmes, with WuXi Biologics, Meituan and Swire Pacific aided by US$2.37 billion of support. Casino operator Sands China got US$249 million of backing from its parent. WuXi Biologics set aside US$600 million to repurchase its shares from the market, according to an exchange filing on Wednesday. The biotech firm suffered a 30 per cent rout in the preceding two days, crashing its market value... https://www.scmp.com/business/china-business/article/3244059/wuxi-meituan-swire-and-sands-china-get-us26-billion-stock-buying-support-hong-kong-stem-market-rout?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3244059/wuxi-meituan-swire-and-sands-china-get-us26-billion-stock-buying-support-hong-kong-stem-market-rout?utm_source=rss_feed Wed, 06 Dec 2023 08:30:59 +0000 Heavily indebted Chinese developer CIFI Holdings (Group)’s chairman Lin Zhong and his family have listed five luxury houses for sale in Hong Kong’s Southern district even as the city’s property market is the grip of a marked slowdown. The five detached houses, located at No 1 Horizon Drive and 44, 46, 48 and 50 Chung Hom Kok Road in the upmarket residential area of Stanley, have an asking price of HK$1.66 billion (US$212.7 million), 7.8 per cent less the acquisition price three years ago. The... https://www.scmp.com/business/article/3229895/hong-kong-property-cifi-chairman-lin-zhong-seeks-us2127-million-5-luxury-homes-stanley?utm_source=rss_feed https://www.scmp.com/business/article/3229895/hong-kong-property-cifi-chairman-lin-zhong-seeks-us2127-million-5-luxury-homes-stanley?utm_source=rss_feed Thu, 03 Aug 2023 22:00:11 +0000 Martin Choi Martin Choi Shun Tak Holdings, controlled by the clan that dominates Macau’s gambling industry, expects “modest recovery” in the tourism industry this year, after reporting a loss for 2022 as pandemic-related restrictions hit its bottom line. Shun Tak, which has interests in property, transport, hospitality and investment sectors, posted a loss attributable to owners of the company of HK$558.2 million (US$71.1 million), compared with a net profit of HK$962.4 million in 2021, according to its annual results... https://www.scmp.com/business/investor-relations/article/3214789/shun-tak-headed-pansy-ho-expects-modest-recovery-tourism-after-slumping-us711-million-loss-due-covid?utm_source=rss_feed https://www.scmp.com/business/investor-relations/article/3214789/shun-tak-headed-pansy-ho-expects-modest-recovery-tourism-after-slumping-us711-million-loss-due-covid?utm_source=rss_feed Fri, 24 Mar 2023 15:00:16 +0000 Entrepreneurs from mainland China came to Hong Kong for business opportunities and residents from the city headed north to reunite with their loved ones for the first time in three years after the resumption of quarantine-free, cross-border travel on Sunday. At the Hong Kong China Ferry Terminal in Tsim Sha Tsui, Guo Zhiqing, 43, who works at a shipping company in the city, said he was overjoyed to be returning home to Guangdong for the Lunar New Year holiday. He took the first ferry at 8.20am... https://www.scmp.com/news/hong-kong/society/article/3206008/mainland-entrepreneurs-visit-hong-kong-city-residents-reunite-loved-ones-across-border-quarantine?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3206008/mainland-entrepreneurs-visit-hong-kong-city-residents-reunite-loved-ones-across-border-quarantine?utm_source=rss_feed Sun, 08 Jan 2023 09:12:12 +0000 Mia Castagnone,Salina Li Mia Castagnone,Salina Li Macau’s casino operators will invest a combined 108 billion patacas (US$13.5 billion) to host conferences and sporting events and promote family entertainment over the next 10 years in response to the government’s call to help Asia’s gambling hub diversify its economy away from the industry. Each of the six operators – MGM Grand Paradise, Galaxy Casino, Venetian Macau, Melco Resorts Macau, Wynn Resorts Macau and SJM Resorts – will be spending hundreds of millions of dollars on new facilities and... https://www.scmp.com/business/companies/article/3203691/macaus-casino-operators-reveal-new-theme-parks-theatres-10-year-plan-diversify-citys-economy-away?utm_source=rss_feed https://www.scmp.com/business/companies/article/3203691/macaus-casino-operators-reveal-new-theme-parks-theatres-10-year-plan-diversify-citys-economy-away?utm_source=rss_feed Sat, 17 Dec 2022 09:53:17 +0000 Mia Castagnone,Peggy Sito Mia Castagnone,Peggy Sito Macau’s government has renewed the concession periods of the city’s six incumbent gambling concessionaires for another 10 years, rejecting the Malaysian tycoon Lim Kok Thay’s surprise bid break into the world’s largest casino hub. MGM Grand Paradise Limited, Galaxy Casino Company, Venetian Macau, Melco Resorts Macau, Wynn Resorts Macau and SJM Resorts were awarded the six concessions, starting from January 1, 2023 through December 31, 2033, according to a statement by the territory’s... https://www.scmp.com/business/companies/article/3201080/macau-rejects-malaysias-genting-renewing-six-casino-licences-incumbent-operators?utm_source=rss_feed https://www.scmp.com/business/companies/article/3201080/macau-rejects-malaysias-genting-renewing-six-casino-licences-incumbent-operators?utm_source=rss_feed Sat, 26 Nov 2022 03:52:12 +0000 Pearl Liu Pearl Liu State-backed real estate giant China Resources Land (CR Land) is teaming up with four of Hong Kong major developers for new projects in the Greater Bay Area (GBA), heeding President Xi Jinping’s call for closer ties between the city and its mainland neighbours. CR Land, the property arm of China Resources (Holdings), said on Thursday that it had signed separate strategic partnership agreements with Henderson Land Development, owned by Hong Kong’s second-richest man Lee Shau-kee; New World... https://www.scmp.com/business/china-business/article/3196669/state-backed-cr-land-joins-forces-hong-kongs-top-developers-new-gba-projects?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3196669/state-backed-cr-land-joins-forces-hong-kongs-top-developers-new-gba-projects?utm_source=rss_feed Fri, 21 Oct 2022 00:30:08 +0000 Martin Choi,Peggy Sito,Mia Castagnone Martin Choi,Peggy Sito,Mia Castagnone Seven companies conducted a beauty parade before Macau’s authorities in a closely watched contest for the right to operate half a dozen casino licences in the world’s largest gambling hub. The seven companies comprised all six existing casino operators whose current licenses are due to expire on December 31, plus a wild card bid by GMM Limited, a subsidiary of Malaysian casino operator Genting Malaysia, which is controlled by local tycoon Lim Kok Thay. The bids were presented to the Committee... https://www.scmp.com/business/article/3192707/seven-operators-vie-six-macau-casino-licences-bids-open-worlds-gambling?utm_source=rss_feed https://www.scmp.com/business/article/3192707/seven-operators-vie-six-macau-casino-licences-bids-open-worlds-gambling?utm_source=rss_feed Fri, 16 Sep 2022 06:00:33 +0000 Covid-19 restrictions dragged on the profits of Hong Kong developers in the January to June period, with declines ranging from 40.5 per cent to 58 per cent, filings with the Hong Kong stock exchange on Thursday show. Sino Land, which is part of the Sino Group owned by billionaire Robert Ng Chee Siong and keeps to a July to June financial year, said its profit for the full year ending June amounted to HK$5.7 billion (US$726 million), a decrease of 40.5 per cent from a year ago. It declared a... https://www.scmp.com/business/article/3190199/hong-kong-covid-19-curbs-weigh-developers-earnings-tumble-much-60-cent?utm_source=rss_feed https://www.scmp.com/business/article/3190199/hong-kong-covid-19-curbs-weigh-developers-earnings-tumble-much-60-cent?utm_source=rss_feed Thu, 25 Aug 2022 12:55:48 +0000 Macau’s authorities will solicit public opinion to overhaul the city’s gambling laws, sending the shares of casino operators plunging in a US$17 billion wipeout, as the proposed revisions portend heightened scrutiny of capital flows and daily operations. The 45-day consultation will ask the public to give their feedback on a raft of rules including additional government oversight, permission for the remittances of dividends, and a proposal to slash the number of gambling tables. JPMorgan Chase... https://www.scmp.com/business/companies/article/3148858/macau-puts-casinos-cross-hairs-stem-capital-flows-and-tighten?utm_source=rss_feed https://www.scmp.com/business/companies/article/3148858/macau-puts-casinos-cross-hairs-stem-capital-flows-and-tighten?utm_source=rss_feed Wed, 15 Sep 2021 12:30:23 +0000 Shun Tak Holdings, one of the flagship companies controlled by the clan that dominates Macau’s gambling industry, has smashed Singapore’s price record for luxury homes with its high-profile entry into the city state’s high-end property market. Park Nova, a collection of 54 large apartments in a high-rise tower about 10 minutes’ walk from the Orchard Road shopping belt, set a record when a penthouse measuring 5,899 sq ft (548 square metres) sold for S$34.38 million (US$26 million). Translating to... https://www.scmp.com/business/companies/article/3136693/shun-tak-makes-splash-its-singapore-property-debut-selling?utm_source=rss_feed https://www.scmp.com/business/companies/article/3136693/shun-tak-makes-splash-its-singapore-property-debut-selling?utm_source=rss_feed Thu, 10 Jun 2021 00:30:00 +0000 Eight years ago, Cristiano Tavares came to Macau from Vila do Conde, a small town in northern Portugal, to boost his career prospects. The move paid off. He started as a cook in the Michelin-starred Antonio Restaurant, and then quickly rose through the ranks to become head chef in just three years. “The opportunities are definitely better in Macau as many hotels, casinos and resorts have opened here,” said the 31-year-old. Last year, he was the given the task of opening Paulaner Brahaus, a... https://www.scmp.com/business/banking-finance/article/3103851/macaus-ambitious-plan-turn-itself-greater-bay-area?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3103851/macaus-ambitious-plan-turn-itself-greater-bay-area?utm_source=rss_feed Sat, 03 Oct 2020 02:00:17 +0000 It was like buying a Lamborghini and not letting people know about it. First, there was frenzied anticipation over who would be buying a S$145 million (US$102 million) bungalow in Cuscaden Road, part of Singapore’s affluent Orchard district, in 2016. Then mystery, as the identity of the buyer was not revealed for a week, said ERA Realty head of research and industry veteran Nicholas Mak. “A Singapore developer would have announced it. But maybe it’s his style,” Mak said. The buyer was Stanley... https://www.scmp.com/week-asia/economics/article/3086834/look-stanley-hos-foray-high-end-singapore-property?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3086834/look-stanley-hos-foray-high-end-singapore-property?utm_source=rss_feed Sat, 30 May 2020 23:00:19 +0000 When Stanley Ho Hung-sun, the patriarch of one of Asia’s wealthiest families and the undisputed gambling king of Macau, suffered a head injury in late 2009, it was his middle child who stepped up to face the media’s intense scrutiny of her father’s health. More than a decade later this week, it was Pansy Ho Chiu-king again who faced the cameras on behalf of the extended family of three widows and 16 children to announce the passing, at age 98, of the man who had presided over the world’s casino... https://www.scmp.com/business/companies/article/3086681/pansy-ho-steps-spotlight-de-facto-head-and-uniter-sprawling-clan?utm_source=rss_feed https://www.scmp.com/business/companies/article/3086681/pansy-ho-steps-spotlight-de-facto-head-and-uniter-sprawling-clan?utm_source=rss_feed Sat, 30 May 2020 03:00:14 +0000 Stanley Ho Hung-sun, the patriarch of Asia’s largest casino empire for half a century and a man whose very name is synonymous with Macau’s rise to overtake Las Vegas as the world’s gambling capital, has died, according to his family. He was 98. He is survived by 14 of the 16 children he had with four women. Ho referred to the mothers of his children as his wives, three of whom also survive him. “Although we know the day will come, it does not ease our sorrow,” said Pansy Ho Chiu-king, the eldest... https://www.scmp.com/business/companies/article/2182745/stanley-ho-patriarch-asias-largest-casino-empire-and-king?utm_source=rss_feed https://www.scmp.com/business/companies/article/2182745/stanley-ho-patriarch-asias-largest-casino-empire-and-king?utm_source=rss_feed Tue, 26 May 2020 05:46:00 +0000 Macau’s government has extended the gambling licenses of SJM Holdings and MGM China Holdings by two years, putting them on equal footing with four other casino concessionaires that operate in the world’s largest gaming hub. The concessions of SJM and MGM China will expire on June 26, 2022, the same as Sands China, Wynn Macau, Galaxy Entertainment Group and Melco Resorts & Entertainment Limited. SJM and MGM China will have to pay 200 million patacas (US$24.7 million) each for the extension. The... https://www.scmp.com/business/companies/article/3001800/macau-extends-gambling-licenses-sjm-and-mgm-china-until-2022?utm_source=rss_feed https://www.scmp.com/business/companies/article/3001800/macau-extends-gambling-licenses-sjm-and-mgm-china-until-2022?utm_source=rss_feed Fri, 15 Mar 2019 04:07:57 +0000 It seems investors appear to have given their backing to Pansy Ho Chiu-king as the casino queen after shares of Shun Tak Holdings and SJM Holdings rose on Thursday morning after she gained the upper hand in her battle for control of the Macau casino holding company co-founded by her father, “King of Gambling” Stanley Ho Hung-sun. Shares of SJM Holdings jumped nearly 10 per cent to HK$7.96 while Shun Tak Holdings rose as much as 7.7 per cent in Hong Kong to HK$2.79 on Thursday after an agreement... https://www.scmp.com/business/companies/article/2183383/pansy-ho-deepens-alliance-hong-kongs-fok-foundation-strengthen?utm_source=rss_feed https://www.scmp.com/business/companies/article/2183383/pansy-ho-deepens-alliance-hong-kongs-fok-foundation-strengthen?utm_source=rss_feed Wed, 23 Jan 2019 15:15:45 +0000 Pansy Ho Chiu-king must be feeling confident these days. Her main business, Shun Tak Holdings, posted a 66 per cent year on year increase in revenue to nearly HK$6.4 billion (US$815.4 million) and reversed a net loss of nearly HK$600 million in 2016 to net profit of HK$1.4 billion, thanks to property sales and an improving business environment in Macau. And her company is part of the consortium that has won exclusive rights to a bus service operating on the Hong Kong-Zhuhai-Macau bridge. And she... https://www.scmp.com/business/companies/article/2157465/macau-casino-heiress-pansy-hos-wild-past-firmly-behind-her-she?utm_source=rss_feed https://www.scmp.com/business/companies/article/2157465/macau-casino-heiress-pansy-hos-wild-past-firmly-behind-her-she?utm_source=rss_feed Mon, 30 Jul 2018 08:02:54 +0000 Pansy Ho Chiu-king, a daughter and heiress of Macau casino magnate Stanley Ho, is believed to have bought the second-most expensive home in Asia, splashing out HK$900 million (US$115 million) on a mansion in one of Hong Kong’s most exclusive addresses. Ho is the eldest of five children between Stanley Ho and his second wife Lam King Yin. She is also the executive chairman and managing director of Shun Tak Holdings, the listed property, transport, hospitality and investment conglomerate founded... https://www.scmp.com/business/companies/article/2157037/macau-casino-heiress-pays-hk900-million-peak-mansion-asias?utm_source=rss_feed https://www.scmp.com/business/companies/article/2157037/macau-casino-heiress-pays-hk900-million-peak-mansion-asias?utm_source=rss_feed Thu, 26 Jul 2018 12:22:28 +0000 Godfather. King of Gambling. Uncle Ho. In Macau, Stanley Ho is known by many nicknames. The nonagenarian casino tycoon, who was once nearly synonymous with Macau’s casinos, is taking his last steps out of the gambling business once and for all. His retirement was officially approved today  at a shareholders’ meeting of SJM Holdings, the flagship company he established more than half a century ago that ran a monopoly on what has ballooned into the world’s largest gambling hub, larger in revenue... https://www.scmp.com/business/companies/article/2150431/retired-still-building-stanley-hos-four-decade-grip-worlds?utm_source=rss_feed https://www.scmp.com/business/companies/article/2150431/retired-still-building-stanley-hos-four-decade-grip-worlds?utm_source=rss_feed Tue, 12 Jun 2018 09:45:45 +0000 Hong Kong-based conglomerate Shun Tak Holdings and developer Shanghai Lujiazui Group have acquired land to develop a 6 billion yuan commercial joint venture project in Shanghai, according to a stock market filing. The two companies bid 1.95 billion yuan for rights to a site in Shanghai’s Pudong New Area, and will each hold half of the joint venture, Shun Tak said in a filing with the Hong Kong stock exchange late Tuesday. The project has a total gross floor area of 133,500 square metres, and... https://www.scmp.com/business/article/2042365/shun-tak-partner-shanghai-lujiazui-hk69bn-mixed-use-development-shanghai?utm_source=rss_feed https://www.scmp.com/business/article/2042365/shun-tak-partner-shanghai-lujiazui-hk69bn-mixed-use-development-shanghai?utm_source=rss_feed Wed, 02 Nov 2016 11:31:27 +0000 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. Net profit, including property revaluation gains, grew 63.99 per cent to HK$1.1 billion from HK$672 million in the first half of 2013, the company said on Friday. Revenue jumped 120.36 per cent to HK$3.73 billion during the period. Shun Tak declared an interim dividend of 5... https://www.scmp.com/business/companies/article/1581679/shun-tak-boosts-first-half-core-profit-2256pc-strong-property?utm_source=rss_feed https://www.scmp.com/business/companies/article/1581679/shun-tak-boosts-first-half-core-profit-2256pc-strong-property?utm_source=rss_feed Fri, 29 Aug 2014 06:30:15 +0000 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. The property, transport and investment flagship of gambling mogul Stanley Ho Hung-sun said in a filing yesterday that 99 per cent of the flats in One Central - a residential complex in Macau it jointly developed with Hongkong Land - were sold in the six-month period. Excluding revaluation gains - HK$508 million in the period,... https://www.scmp.com/business/companies/article/1298320/shun-tak-interim-profit-dips-33pc-hk672m?utm_source=rss_feed https://www.scmp.com/business/companies/article/1298320/shun-tak-interim-profit-dips-33pc-hk672m?utm_source=rss_feed Wed, 21 Aug 2013 07:07:42 +0000 Jetstar Hong Kong's long wait to receive an operating licence may be coming to an end after the start-up took Stanley Ho's Shun Tak conglomerate aboard as an investor. 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. When the two carriers set up the joint venture in March 2012 they were so determined they... https://www.scmp.com/business/companies/article/1255164/jetstar-hong-kong-hopes-shun-tak-deal-will-secure-licence?utm_source=rss_feed https://www.scmp.com/business/companies/article/1255164/jetstar-hong-kong-hopes-shun-tak-deal-will-secure-licence?utm_source=rss_feed Thu, 06 Jun 2013 16:00:00 +0000 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 yesterday came two days after the Hong Kong government said it had stopped processing applications of new airlines. "We hope Shun Tak's background and experience in cross-border transportation in the Pearl River Delta (PRD) can speed up the application process," said Pansy Ho, managing director of Shun Tak and daughter of company chairman... https://www.scmp.com/business/companies/article/1254678/stanley-hos-shun-tak-buys-33pc-stake-jetstar-hong-kong?utm_source=rss_feed https://www.scmp.com/business/companies/article/1254678/stanley-hos-shun-tak-buys-33pc-stake-jetstar-hong-kong?utm_source=rss_feed Thu, 06 Jun 2013 02:52:28 +0000 Shun Tak Holdings has more than doubled its final dividend as strong property sales drove underlying profit 18 per cent higher last year. 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. The company recommended a final dividend of 8.5 HK cents, up from... https://www.scmp.com/business/companies/article/1199782/property-sales-boost-doubles-dividend-shun-tak?utm_source=rss_feed https://www.scmp.com/business/companies/article/1199782/property-sales-boost-doubles-dividend-shun-tak?utm_source=rss_feed Mon, 25 Mar 2013 16:00:00 +0000 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. Investors distracted by Ho's familial goings-on may overlook a low profile and undervalued component of Ho's corporate empire, Shun... https://www.scmp.com/business/money/spending/article/1074665/stock-watch-shun-tak-holdings?utm_source=rss_feed https://www.scmp.com/business/money/spending/article/1074665/stock-watch-shun-tak-holdings?utm_source=rss_feed Sun, 04 Nov 2012 16:00:00 +0000 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. It announced the plan after reporting a 9.9 per cent drop in net profit to HK$781 million last year as a result of lower property sales due to moves by the Hong Kong government to cool the market. Excluding revaluation gains on investment properties, the bottom line dropped 2.5 per... https://www.scmp.com/article/996696/shun-tak-plans-top-hotel-macau?utm_source=rss_feed https://www.scmp.com/article/996696/shun-tak-plans-top-hotel-macau?utm_source=rss_feed Mon, 26 Mar 2012 16:00:00 +0000 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. Holders of odd lots have long operated in the market. Nicknamed the 'odd-lot gang', they hold just one or five shares in a company to take advantage of a discounted offering. Brokers have called for a rule change to plug the loophole to ensure market fairness but a regulatory... https://www.scmp.com/article/995231/shun-tak-issue-puts-focus-odd-lots?utm_source=rss_feed https://www.scmp.com/article/995231/shun-tak-issue-puts-focus-odd-lots?utm_source=rss_feed Sun, 11 Mar 2012 16:00:00 +0000 Now chief secretary's car gets in on the double-parking act There's been a significant development in the car parking saga we have been pursuing for some weeks -albeit with precious little effect. People have e-mailed us complaining of the double-parking that occurs on Glenealy, the road that bends down underneath Upper Albert Road ending at the traffic lights opposite The Fringe Club. An eagle-eyed observer writes to say that on Tuesday at 14.03 hours he observed the official car of the chief... https://www.scmp.com/article/986476/lai-see?utm_source=rss_feed https://www.scmp.com/article/986476/lai-see?utm_source=rss_feed Wed, 30 Nov 2011 16:00:00 +0000 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. https://www.scmp.com/article/732228/stanley-ho-moves-stake-daughters-firm?utm_source=rss_feed https://www.scmp.com/article/732228/stanley-ho-moves-stake-daughters-firm?utm_source=rss_feed Wed, 01 Dec 2010 16:00:00 +0000 Tycoon Stanley Ho Hung-sun is making a good recovery and rumours that his condition is fast deteriorating were not correct, his daughter has said. While the 87-year-old is yet to be released from Hong Kong's Adventist Hospital, Pansy Ho Chiu-king said the casino mogul had embarked on a regime of cycling and eating to make up for the weight he had lost since he was taken to hospital early last month. Pansy Ho, who is managing director of the family holding company Shun Tak Holdings, also... https://www.scmp.com/article/693002/stanley-ho-back-saddle-after-blood-clot-says-family?utm_source=rss_feed https://www.scmp.com/article/693002/stanley-ho-back-saddle-after-blood-clot-says-family?utm_source=rss_feed Sat, 19 Sep 2009 16:00:00 +0000 Shun Tak Holdings posted forecast-beating annual earnings for last year as a result of better property sales. Net profit jumped 52.7 per cent to HK$1.01 billion from HK$663.9 million in the previous year. That topped the average forecast of HK$926.3 million by 11 analysts polled by Thomson Financial. Turnover rose 32.3 per cent to HK$3.32 billion, compared with HK$2.51 billion in the previous year. Operating profit from property sales jumped 241.5 per cent to HK$286.9 million from HK$84... https://www.scmp.com/article/633007/property-sales-boost-shun-tak-net-527pc-beat-market-target?utm_source=rss_feed https://www.scmp.com/article/633007/property-sales-boost-shun-tak-net-527pc-beat-market-target?utm_source=rss_feed Tue, 08 Apr 2008 16:00:00 +0000 An environmental group is asking residents of a Mid-Levels development to request that a developer lower the density of a proposed two-tower, 50-storey project before they sell their flats to the consortium. Merry Terrace in Seymour Road - five 14-storey buildings - will be turned into the 50-storey redevelopment if most of the flat owners agree to sell. Reports said most residents had agreed to sell to the consortium, formed by Shun Tak Holdings and New World Development. Green Sense said... https://www.scmp.com/article/630431/protest-call-residents?utm_source=rss_feed https://www.scmp.com/article/630431/protest-call-residents?utm_source=rss_feed Mon, 17 Mar 2008 16:00:00 +0000 An environmental group is asking residents of a Mid-Levels development to request that a developer lower the density of a proposed two-tower, 50-storey project before they sell their flats to the consortium. Merry Terrace in Seymour Road - five 14-storey buildings - will be turned into the 50-storey redevelopment if most of the flat owners agree to sell. Reports said most residents had agreed to sell to the consortium, formed by Shun Tak Holdings and New World Development. Green Sense said... https://www.scmp.com/article/630426/residents-urged-oppose-development?utm_source=rss_feed https://www.scmp.com/article/630426/residents-urged-oppose-development?utm_source=rss_feed Mon, 17 Mar 2008 16:00:00 +0000 Sixteen Hong Kong passengers were among 28 injured people still in hospital last night as a result of Friday's collision between two high-speed ferries off Macau. Marine authorities said they had not yet discovered the cause of the collision, which occurred in thick fog and injured 133 passengers. Shun Tak Holdings, which runs ferries between Hong Kong and Macau, said it would co-operate with any investigation. All those still in hospital were in stable or satisfactory condition. Some... https://www.scmp.com/article/622793/28-remain-hospital-after-ferry-collision?utm_source=rss_feed https://www.scmp.com/article/622793/28-remain-hospital-after-ferry-collision?utm_source=rss_feed Sat, 12 Jan 2008 16:00:00 +0000 Shun Tak application to operate services to Pac On ignored Pansy Ho Chiu-king, the managing director of Shun Tak Holdings, which dominates the Hong Kong-Macau ferry route, criticised the enclave's government for ignoring the company's application to operate passenger services to a new ferry terminal on Taipa Island, instead giving initial rights to two other companies to compete against her outfit's key revenue generator. The Pac On terminal, which opens on Thursday in a 2.18 billion pataca... https://www.scmp.com/article/611791/new-taipa-ferry-terminal-rights-allotted-upstarts?utm_source=rss_feed https://www.scmp.com/article/611791/new-taipa-ferry-terminal-rights-allotted-upstarts?utm_source=rss_feed Mon, 15 Oct 2007 16:00:00 +0000 Shun Tak Holdings said half-year profit jumped 159.93 per cent as a gain from revaluation of investment properties more than offset lower dividends from its 15.8 per cent-owned casino operator controlled by Stanley Ho Hung-sun. Net profit jumped to HK$677.6 million in the first half from HK$260.7 million a year ago. Turnover rose 12.29 per cent to HK$1.37 billion. Revaluation gain jumped to HK$291.2 million from HK$22.7 million. The gain stemmed from a wholly owned hotel site in Macau... https://www.scmp.com/article/607891/revaluation-gains-boost-shun-tak?utm_source=rss_feed https://www.scmp.com/article/607891/revaluation-gains-boost-shun-tak?utm_source=rss_feed Fri, 14 Sep 2007 16:00:00 +0000 Winnie Ho Yuen-ki, the estranged sister of Macau casino magnate Stanley Ho Hung-sun, yesterday lodged a new petition in the High Court alleging billions of dollars in unpaid and underpaid dividends from Mr Ho's private gaming empire to Hong Kong-listed Shun Tak Holdings. Shun Tak has a 15.8 per cent interest in Sociedade de Tursimo e Diversoes de Macau (STDM), the privately held conglomerate that has had ultimate control of most of Mr Ho's casino interests in Macau since 1962. Last year, Shun... https://www.scmp.com/article/601933/sister-sues-ho-billions-back-dividends?utm_source=rss_feed https://www.scmp.com/article/601933/sister-sues-ho-billions-back-dividends?utm_source=rss_feed Thu, 26 Jul 2007 16:00:00 +0000 Today Final: Allied Group, Allied Properties (HK), Baoye Group, China Merchants Bank, China National Building Material, Chitaly Holdings, CNT Group, FinTronics Holdings, Fong's Industries, Forefront International Holdings, Guangdong Nan Yue Logistics, HKC (Holdings), IPE Group, Jackin International Holdings, Ju Teng International Holdings, Kasen International Holdings, Luks Industrial (Group), Mainland Headwear Holdings, Ningbo Yidong Electronic, Pacific Plywood Holdings, Shun Tak Holdings,... https://www.scmp.com/article/589109/results?utm_source=rss_feed https://www.scmp.com/article/589109/results?utm_source=rss_feed Sun, 15 Apr 2007 16:00:00 +0000 Shun Tak Holdings, the property-to-shipping group owned by gaming magnate Stanley Ho Hung-sun, yesterday said first-half profit rose 23.72 per cent as its businesses gained from an increase in visitors to Macau's casinos. Net profit rose to HK$260.69 million from HK$210.7 million in the same period last year as turnover fell 8.95 per cent to HK$1.22 billion from HK$1.35 billion. Operating profit from transport operations, mainly ferry services between Hong Kong and Macau and the mainland,... https://www.scmp.com/article/563313/rising-tide-casino-guests-lifts-shun-tak-profit-237pc?utm_source=rss_feed https://www.scmp.com/article/563313/rising-tide-casino-guests-lifts-shun-tak-profit-237pc?utm_source=rss_feed Fri, 08 Sep 2006 16:00:00 +0000 Shun Tak Holdings, Macau gaming magnate Stanley Ho Hung-sun's property-to-shipping group, unveiled plans yesterday to build a HK$1 billion Marriott hotel at Hong Kong's airport, the group's first foray into the city's bustling hospitality sector. Shun Tak will have a 70 per cent stake in the 658-room SkyCity Marriott Hotel with the remaining interest to be taken up by contractor Dragages Hong Kong, a subsidiary of France's Bouygues Construction. Mr Ho's company already operates high-speed... https://www.scmp.com/article/560409/stanley-ho-plans-hk1b-marriott-hotel-airport?utm_source=rss_feed https://www.scmp.com/article/560409/stanley-ho-plans-hk1b-marriott-hotel-airport?utm_source=rss_feed Tue, 15 Aug 2006 16:00:00 +0000 Shun Tak Holdings yesterday submitted the property portion of its $5 billion development plan for the Nam Van district in Macau and agreed to extend by one year the deadline for the $1.5 billion land acquisition. The extension will give officials time to consider the proposal. Shun Tak, majority held by the family of casino mogul Stanley Ho Hung-sun, in November 2004 said it would buy a large tract of land adjacent to the Macau Tower for a 2.7 million square foot commercial-residential... https://www.scmp.com/article/555160/shun-tak-extend-nam-van-project?utm_source=rss_feed https://www.scmp.com/article/555160/shun-tak-extend-nam-van-project?utm_source=rss_feed Sun, 02 Jul 2006 16:00:00 +0000 New accounting standards covering gains on investment properties failed to lift Shun Tak Holdings' interim profit from the doldrums. Despite a gain of $107 million booked from the revaluation of its investment properties, the group reported a 2.3 per cent drop in profit to $210.7 million for the six months to June. The drop was mainly due to a decline in contributions from its Hong Kong property development business, with operating profit from the division down 72.45 per cent year on year to... https://www.scmp.com/article/519433/lack-projects-hurts?utm_source=rss_feed https://www.scmp.com/article/519433/lack-projects-hurts?utm_source=rss_feed Thu, 06 Oct 2005 16:00:00 +0000 About a year ago brokerage KGI Asia recommended a ''trading buy' when the price of Shun Tak Holdings retreated to HK$1.50, with a target price of $1.80. On Friday the counter closed at $2.55. The recommendation was prompted by an announcement of a restructuring plan by Sun Tak, the flagship of Macau casino tycoon Stanley Ho Hung-sun, under which Shun Tak would increase its stake in Mr Ho's privately controlled Macau casino group Sociedade de Turismo e Diversoes de Macau (STDM) to 11.48 per... https://www.scmp.com/article/434035/what-broker-said?utm_source=rss_feed https://www.scmp.com/article/434035/what-broker-said?utm_source=rss_feed Sat, 08 Nov 2003 16:00:00 +0000 Casino tycoon Stanley Ho Hung-sun's Shun Tak Holdings recorded a 56.96 per cent fall in interim profit to $119.8 million as property sales dropped and the ferry services, mainly between Hong Kong and Macau, were adversely affected by the Sars outbreak. Interim dividend was cut from 3.5 cents a year ago to 1.5 cents. Earnings per share were 6.2 cents against 16 cents previously. For the six months to June, operating profit from the property division plunged 63.9 per cent to $110.2... https://www.scmp.com/article/428372/shun-tak-net-tumbles-56pc?utm_source=rss_feed https://www.scmp.com/article/428372/shun-tak-net-tumbles-56pc?utm_source=rss_feed Thu, 18 Sep 2003 16:00:00 +0000 Sun Hung Kai Properties and Shun Tak Holdings are offering a financing package equal to a 10 per cent price discount to promote sale of the remaining units at Liberte in Cheung Sha Wan. https://www.scmp.com/article/396721/sweetener-liberte-units?utm_source=rss_feed https://www.scmp.com/article/396721/sweetener-liberte-units?utm_source=rss_feed Tue, 05 Nov 2002 16:00:00 +0000