• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Two board members with reduced stakes in SJM Holdings

Sep 24, 2020 Newsdesk Latest News, Macau, Top of the deck  


Two board members with reduced stakes in SJM Holdings

Two directors of Macau casino operator SJM Holdings Ltd, Timothy Fok Tsun Ting and Louis Ng Chi Sing, have seen their respective stakes in the firm reduced earlier this month, although for different reasons, according to disclosure records filed to the Hong Kong Stock Exchange.

Timothy Fok – a co-chairman and executive director at SJM Holdings – did not exercise the right to an aggregate of 3.0 million shares in the firm, according to a September 17 disclosure. It resulted in his shareholding in the company falling to 0.11 percent from 0.16 percent, showed the data.

Mr Fok heads the Henry Fok Foundation, which owns a 26.576 percent stake in Sociedade de Turismo e Diversões de Macau SA (STDM) – the entity that is the controlling shareholder of SJM Holdings.

Separately, Louis Ng, a non-executive director at SJM Holdings, sold an additional 30 million shares of SJM Holdings on September 2, an exercise done at HKD10.48 (US$1.35) per share on average. Following the transaction, Mr Ng still held a stake of 1.47 percent in SJM Holdings, down from 2.0 percent, according to the latest disclosure.

Prior to the September 2 share disposal, Mr Ng had already reduced his holdings in SJM Holdings in two tranches in August – the first on August 12 – for an aggregate consideration of HKD367.76 million. He had ceased to act as SJM Holdings’ chief operating officer (COO) and authorised representative of the company as of June 10 this year, but retains a non-executive directorship in the firm.


  • tweet
Related articles
  • GLP’s Palazzo Versace soft opening by end-Apr: Daisy Ho
    GLP’s Palazzo Versace soft...

    Mar 15, 2023  

  • SJM to see rest of GLP rooms, tables launch 2Q: brokerages
    SJM to see rest of GLP rooms, tables...

    Mar 10, 2023  

More news
  • Macau March GGR up 247pct y-o-y, to US$1.6bln: govt
    Macau March GGR up 247pct y-o-y, to...

    Apr 01, 2023  

  • Some Macau hotels say no rooms vacant 3 days of Easter
    Some Macau hotels say no rooms vacant 3...

    Mar 31, 2023  


Latest News

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Apr 01, 2023  

Macau’s casino gross gaming revenue (GGR) was up 246.9 percent year-on-year in March, to just under MOP12.74 billion (US$1.58 billion). The March tally was up 23.4 percent month-on-month,...
Read More
Some Macau hotels say no rooms vacant 3 days of Easter

Some Macau hotels say no rooms vacant 3 days of Easter

Mar 31, 2023  

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Mar 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Efforts have pivoted to the construction of the hotel tower, with plans to launch a soft opening before the end of 2024 and a grand opening in 2025”

Casino investor LET Group

On the development of a casino hotel in Manila, the Philippine capital



Most Popular

  • Some Macau hotels say no rooms vacant 3 days of EasterSome Macau hotels say no rooms vacant 3 days of Easter March 31, 2023
  • Japan govt delays IR decision due to local elections: reportJapan govt delays IR decision due to local elections: report March 30, 2023
  • Sands China ups ties to China showbiz giant Star CMSands China ups ties to China showbiz giant Star CM March 29, 2023
  • Macau 2023 GGR at 45pct of pre-Covid level: Moody’sMacau 2023 GGR at 45pct of pre-Covid level: Moody’s March 31, 2023
  • Macau got 16k mainland package tourists in Feb reopeningMacau got 16k mainland package tourists in Feb reopening March 29, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us