{"id":33023,"date":"2022-08-29T03:46:34","date_gmt":"2022-08-29T06:46:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33023"},"modified":"2026-04-23T05:27:00","modified_gmt":"2026-04-23T08:27:00","slug":"authorities-approve-sjm-resorts-plan-to-increase-share-capital","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/authorities-approve-sjm-resorts-plan-to-increase-share-capital","title":{"rendered":"Authorities approve SJM Resorts plan to increase share capital"},"content":{"rendered":"\n<p>The Macau government and SJM Holdings have approved SJM Resorts&#8217; major share capital increase.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>SJM Holdings <\/strong>has confirmed that SJM Resorts&#8217; proposal to issue 7,200,000 additional Type B shares of par value MOP100 each in order\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/sjm-resorts-to-increase-share-capital-to-us618-4m\" target=\"_blank\">to increase its share capital<\/a>\u00a0has been approved by shareholders and the government of Macau.<\/p>\n\n\n\n<p>SJM had said it would increase its \u201cClass B\u201d stake from 10 per cent to 15 per cent of SJM Resorts\u2019 issued share capital as\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macaus-gaming-law-amendment-bill-approved\" target=\"_blank\">Macau\u2019s revised gaming law<\/a>\u00a0requires 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<p>The new Class B shares will be issued to the managing director of SJM Resorts at par payable in cash in order to maintain that director&#8217;s shareholding in the company.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/sjm-ceo-reduces-stake-to-2-79\" target=\"_blank\">SJM Holdings\u2019 vice-chairman Ambrose So Shu Fai<\/a>\u00a0has reduced his stake in the company\u00a0<strong>from 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<p>The average transaction price per share was HK$2.89 on August 12 and HK$2.90 on August 15. Meanwhile,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/sjm-chairman-confident-about-next-concession-period-in-macau\" rel=\"noreferrer noopener\">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","protected":false},"excerpt":{"rendered":"<p>The Macau government and SJM Holdings have approved SJM Resorts&#8217; major share capital increase.<\/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 and the Macau government have sanctioned a substantial share capital increase for SJM Resorts, facilitating the issuance of 7.2 million new Type B shares. This strategic maneuver ensures compliance with Macau's revised gaming law, which mandates a minimum 15% shareholding by Macau permanent resident 'managers' in gaming concessionaires. Concurrently, SJM Holdings observed notable executive share movements, with Chairman Daisy Ho Chiu Fung augmenting her stake and Vice-Chairman Ambrose So Shu Fai reducing his.","focusai_entities":"SJM Holdings, SJM Resorts, Ambrose So Shu Fai, Daisy Ho Chiu Fung, Macau government","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Law Implications?","query":"What are the long-term implications of Macau's revised gaming law on the ownership structures and governance frameworks of other concessionaires, particularly regarding capital market access?"},{"label":"SJM Capital Strategy?","query":"How will the increased local shareholding requirement impact SJM Resorts' capital allocation strategy, potential future dividend policies, and overall enterprise valuation?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23108],"class_list":["post-33023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33023","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=33023"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33023\/revisions"}],"predecessor-version":[{"id":33042,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33023\/revisions\/33042"}],"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=33023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}