Stanley Ho’s death will not impact SJM

SJM Holdings will not be impacted by its founder's death, according to analysts.
SJM Holdings will not be impacted by its founder's death, according to analysts.

Bernstein analysts noted Ho had effectively removed himself from SJM as early as 2009 after suffering a head injury and a series of brain surgeries. 

Macau.- Stanley Ho’s death will not impact SJM Holdings’ operations, according to analysts from Bernstein.

Bernstein analysts noted Ho had effectively removed himself from SJM as early as 2009 after suffering a head injury and a series of brain surgeries. 

While he retained the title of chairman until 2018, he was not involved in company matters, having attended his last SJM board meeting in 2015.  

However, there is concern among investors about a fight between interested parties in SJM, which could affect the opening timeline for SJM’s new project, Grand Lisboa Palace.

According to Haitong, the upcoming AGM on June 9 will put four out of 12 seats up for re-election.

Daisy Ho, chairman of SJM and CFO of Shun Tak Holdings, could have enough voting rights through STDM to force board seat changes.  

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