Stanley Ho Hung Sun has dropped legal action against several of his children and others, following the brawl over Mr Ho’s assets, according to his family. But his lawyer says he hasn’t received any information regarding this. Mr Ho “has informed the defendants that he does not see any point in continuing the legal action in the High Court,” public relations firm Brunswick said in a statement quoted by South China Morning Post. The statement was said to be on behalf of Mr Ho’s third wife and his five children via his second wife, all of whom had been named as defendants in the suit. Mr Ho, acting on his own behalf and without other legal representation, filed the “notice of discontinuance”, which carried his signature. On January 26, lawyer Gordon Oldham, who said he was acting on Mr Ho’s behalf, filed a claim against several of the mogul’s children, other relatives and companies for issuing new shares in Lanceford without his consent. Tony Turner, spokesman for Oldham, Li & Nie told Bloomberg today that Mr Ho “didn’t talk about dropping the suit” in a discussion with the law firm this morning. “This morning Dr Ho confirmed his instructions to Oldham, Li & Nie to take all available action to see that his wishes” regarding his stake in the company he founded “are carried out,” the law firm said in an e-mail to Bloomberg. Members of Mr Ho’s families met on January 27 in Macau to discuss the dispute, the law firm and daughter Pansy Ho said in separate e-mails to Bloomberg. “The discussion did not lead to any conclusion nor consensus,” Pansy Ho said. This is the latest episode in the case of Mr Ho’s transfer of his 32 percent stake in STDM, held by Lanceford company, to family-run firms Action Winner Holdings Ltd and Ranillo Investments Ltd. Action Winner Holdings Ltd is 100 percent owned by Mr Ho’s third wife, Ina Chan Un-chan, while Ranillo Investments Ltd. is owned by Mr Ho’s five children to his second wife, Lucina Laam: Pansy, Daisy, Maisy, Josie and Lawrence. Mr Ho was STDM’s largest shareholder. STDM is the parent company of Macau-based gaming operator Sociedade de Jogos de Macau. Meanwhile, the chief executive of SJM Holdings, Ambrose So Shu Fai said this dispute has not impacted the gaming operator. “Basically nothing has changed in the company’s development and management,” Mr So said on Friday.
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