legal-action-delays-sjm-listing

Legal action delays SJM listing

Winnie HoÆs latest legal action forces SJM to postpone its trading debut until next week, even as the court declines to hear the case.
Today was supposed to be the day that Sociedade de Jogos de Macau SJM finally achieved the listing that it has been striving for over the past two years. But the casino operator will have to wait another week after yet another legal action by Winnie Ho forced the company to delay the trading debut until July 16 to give investors a chance to take in the potential consequences of her latest challenge.

The sister of Stanley Ho, Macau gambling tycoon and the man behind SJM and its parent company Sociedade de Turismo e Diversoes de Macau STDM, was seeking a judicial review of the decision by the Hong Kong stock exchange and the...
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