SJM Holdings chairman Dr Stanley Ho has transferred 7% of the company to SJM executive director Angela Leong, his fourth consort.
Dr Ho cut his stake in SJM Holdings from 63.37% to 56.34% on Friday, according to a company filing to the Hong Kong Stock Exchange on Tuesday.
On the same day that Dr Ho reduced his own holding, Ms Leong raised her stake in SJM to 7.69% from 0.66%, Dow Jones Newswires reported yesterday.
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