Pansy Ho buys shares in Shun Tak from father

Stanley Ho Hung Sun has sold 1.67 percent of his stake in Shun Tak Holdings to daughter Pansy Ho Chiu King. The deal was estimated to be worth HK$177.4 million. Ms Ho’s stake in Shun Tak is now 12.67 percent, according to an announcement. Mr Ho remains Shun Tak’s executive chairman while his daughter will continue as managing director. In November, Mr Ho already reduced his participation in Shun Tak to 8.72 percent from 20.27 percent, in an off-market transfer to a company controlled by some of his children, including Ms Ho.