Ambrose So Shu Fai, vice-chairman and chief executive of SJM Holdings Ltd., has earned approximately HK$86.99m (US$11.1m) from the sale of stocks in the company.<\/p>\n\n\n\n\n\n\n\n
Macau.- SJM Holdings’ vice-chairman Ambrose So Shu Fai has reduced his stake in the company\u00a0from 3.31 per cent to 2.79 per cent<\/strong>. The CEO of the company sold an aggregate of 30 million shares in two exercises, dated August 12 and August 15.<\/p>\n\n\n\n The average transaction price per share was HK$2.89 on August 12 and HK$2.90 on August 15. Meanwhile, Daisy Ho Chiu Fung<\/a>, chairman of SJM Holdings, increased his stake in the company on August 15 from 0.13 per cent to 0.30 per cent for HK$27.78m.<\/p>\n\n\n\n SJM Resorts<\/a>\u00a0has increased its share capital by nearly 1,567 per cent to MOP5.0bn (US$618.4m) to be able to qualify for the upcoming\u00a0gaming concession retender<\/a>\u00a0in Macau. Casino operators must have a registered capital of at least MOP5bn while their licences are valid. <\/p>\n\n\n\n SJM Holdings\u2019 parent company also said that it would increase its \u201cClass B\u201d stake from 10 per cent to 15 per cent of SJM Resorts\u2019 issued share capital as Macau\u2019s revised gaming law requires at least 15 per cent of gaming concessionaires\u2019 share capital to be held by \u201cmanagers\u201d who are permanent residents of Macau.<\/p>\n\n\n\n Currently, SJM Resorts has a registered capital of MOP300m<\/strong>, consisting of 2,700,000 Class A shares (90 per cent of the issued share capital) and 300,000 Class B shares (10 per cent) of MOP100 each.<\/p>\n","protected":false},"excerpt":{"rendered":" Ambrose So Shu Fai, vice-chairman and chief executive of SJM Holdings Ltd., has earned approximately HK$86.99m (US$11.1m) from the sale of stocks in the company.<\/p>\n","protected":false},"author":176,"featured_media":25400,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"SJM Holdings executives, Ambrose So Shu Fai and Daisy Ho Chiu Fung, adjusted their personal stakes in the company. Concurrently, SJM Resorts significantly increased its registered share capital to MOP5.0bn and its parent company, SJM Holdings, will raise its Class B stake to 15% to comply with Macau's revised gaming law for the upcoming concession retender. These strategic financial and governance adjustments are critical for SJM's continued operational eligibility in the Macau gaming market.","focusai_entities":"Ambrose So Shu Fai, SJM Holdings Ltd., Daisy Ho Chiu Fung, SJM Resorts","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"SJM Concession Outlook","query":"What are the specific implications of SJM Resorts' capital increase and Class B share adjustments for its competitive positioning and likelihood of securing a new gaming concession under Macau's revised regulatory framework?"},{"label":"Executive Share Impact","query":"How do the recent share transactions by Ambrose So Shu Fai and Daisy Ho Chiu Fung reflect internal sentiment or strategic shifts within SJM Holdings, particularly in light of the significant capital restructuring for the concession retender?"}],"footnotes":""},"categories":[157,16338],"tags":[23108],"class_list":["post-32790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=32790"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32790\/revisions"}],"predecessor-version":[{"id":32796,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32790\/revisions\/32796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25400"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}