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Stanley and his '4 families'

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  1. #1

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    Stanley and his '4 families'

    I would have thought one current wife and children would be complicated enough, but four? And if anyone can simply explain the current goings on with the Stanley clan, please do.

    A little info on RTHK.


  2. #2

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    Quote Originally Posted by drumbrake:
    I would have thought one current wife and children would be complicated enough, but four? And if anyone can simply explain the current goings on with the Stanley clan, please do.
    A little info on RTHK.
    3.3 billion dollars(most of Macau's casinos), ailing tycoon. i think only 2 wives are still alive, but 4 families one dad.

    There is going to be big trouble soon if it is not resolved. Dr. Stanley is known to have "connections" and you don't steal from someone before they are dead.

    If he still has the power and gets this back his 4th wife will most likely gain.

    If he doesn't then 2-3 win 99% of his company, but if they give it back their part of the "estate" whever it might be will be cut down cause of their vulture tactics.

    Things are going to get interesting, this is succession planning gone wrong and some people jumping the line. I would love to see how this unfolds.

  3. #3

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    Man, this is a total roller coaster saga at the moment.


  4. #4

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    Quote Originally Posted by aliendavid1:
    3.3 billion dollars(most of Macau's casinos), ailing tycoon. i think only 2 wives are still alive, but 4 families one dad.

    There is going to be big trouble soon if it is not resolved. Dr. Stanley is known to have "connections" and you don't steal from someone before they are dead.

    If he still has the power and gets this back his 4th wife will most likely gain.

    If he doesn't then 2-3 win 99% of his company, but if they give it back their part of the "estate" whever it might be will be cut down cause of their vulture tactics.

    Things are going to get interesting, this is succession planning gone wrong and some people jumping the line. I would love to see how this unfolds.
    1st wife passed away, 2nd,3rd and 4th still here.

    17 offsprings (eldest son passed way)

    the saga is that ( i believe) that the 2nd and 3rd family are reported to be like vultures circle the sky

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  6. #6

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    Family: can't live with 'em and can't find enough places to hide all the bodies.


  7. #7

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    Below is a summary of the current situation as reported today by Dow Jones.

    Anyone wanting to offer some friendly advice to Dr Ho and his wives, here's the contact details for his lawyer (or is he?) Gordon Oldham: Gordon Oldham | OLN Law Firm in Hong Kong & China

    As to the investment implications of these events (and in particular what to do with your SJM (HK:880) shares), DeletedUser is probably the best placed to advise.

    ----

    HONG KONG (Dow Jones) Ailing casino tycoon Stanley Ho on Wednesday filed a lawsuit against members of his family in Hong Kong's High Court despite also that day appearing on television to say the dispute over a transfer of shares in the company that controls casino operator SJM Holdings Ltd. (0880.HK) had been settled.

    The writ, signed by Ho, seeks an order to 'set aside the allotment (of shares) and to rectify the members register' of Lanceford Co., the company that controls SJM's parent.

    Earlier this week, SJM said Ho's stake in SJM's parent had been split, with slightly less than half going to the children of the woman Ho considers his second wife and the rest to the woman known as his third wife, leaving the tycoon with nearly nothing. However, documents released since by representatives of Ho and other members of his family have called the move into question.

    The writ seeks an injunction to restrain Daisy Ho, Pansy Ho and Maisy Ho--who are daughters with his second wife--and third wife Ina Chan from dealing with or disposing of the shares in Lanceford.

    The suit was launched the same day that the 89-year-old tycoon read a statement in Cantonese broadcast on Hong Kong's Television Broadcasts Ltd. saying he is 'very well,' adding he doesn't want to see his family problems end up in court.

    Ho's lawyer said Thursday that Ho was pressured into saying on television that the dispute had been resolved.

    The other defendants named in the writ are second wife Lucina Laam, her other children Josie Ho and Lawrence Ho, Lanceford director Patrick Huen, and the companies of which they are directors.

    Last edited by John Doe Jr; 27-01-2011 at 02:20 PM. Reason: "Gordon" not "Graham" Oldham

  8. #8

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    What is it with these hyper-rich and powerful ... don't they get proper advice on how to plan their estates? First Nina Wong.. now Stanley Ho. You'd think they'd have competent legal representation.

    Or is it the ego thing .. "nothing can go wrong for me"?


  9. #9

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    Hong Kong officially banned polygamy in 1971. But that has never stopped Hong Kong men from having "second wives" in the Mainland.


  10. #10

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    I don't know if he is officially married to them, but he calls them his wives etc.

    Kinda like common law except they don't live together, everyone has their own mansion.

    They might think its superstitious to do any estate planning, because then you're going to die. Usually Maybe tycoons don't really care what happens when they die, whoever is the most "savvy" person gets the estate like in business.


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