Liang Anqi The mother and son officially abdicated. Liang Anqi gave up the executive director of Macau Entertainment Comprehensive Company to He Chaofeng , and his son He Youheng gave up the position of director to Huo Zhenting son Huo Qishan . Since the second bedroom has fully controlled the entire SJM department. Although Angel Leong is also a director of Macau Entertainment Comprehensive and she also has shares in Macau Entertainment and AOB, she has faded out of the core of power.
Liang Anqi herself also said that she will gradually focus on the management of her personal assets in the future. At present, Angela Liang’s personal assets are at least tens of billions, while SJM’s market value is only more than 10 billion. The value of the shares held by Liang Anqi is only more than one billion. Including the shares of Australian Entertainment, Liang Anqi's total assets in gambling are estimated to be about 3 billion.
But these 3 billion assets took most of Liang Anqi's time. Now Anqi Liang is definitely willing to spend more time managing her property.
After this adjustment, the layout of Macau Entertainment Comprehensive Company has become a situation where the second house and the Huo family are in power. Now the chairman and executive director are He Chaofeng. Among the other 8 directors, the second wife has another seat, which is He Chaofeng's sister He Chaojia . In addition, the Huo family controlled three director seats, namely Huo Zhenting, , Huo Zhenhuan, and Huo Qishan.
In the SJM, the three co-chairs are He Chaofeng, Liang Anqi and Huo Zhenting. Before Ho Hongshen retired, the Huo family almost never participated in the business management of gambling companies, and the people from their family did not work in SJM. Ho Ying-Tong Back then, he supported Stanley Ho to compete for gambling licenses. His original intention was not to make money by gambling, but to use the income from gambling to do charity. Later, Stanley Ho did not do this, and Ho Ying-tung was very angry at one time.
also had a breakup with Stanley Ho because of this. In 2003, Ho Ying-tung donated his 26% stake in Macau Entertainment Company to the Macau Ho Ying-tung Foundation. Macau Entertainment Company is the controlling shareholder of Aobo Holdings, which is the controlling shareholder of the underlying licensed company Macau Entertainment Comprehensive Company.
Stanley Ho originally held about 40% of the shares of Macau Entertainment Company. He was the largest shareholder, but their family had already separated. After the separation, no matter the second, third or fourth houses, the shares of the Ho Ying-Tong family were not as many as those of the Ho Ying-Tong family.
Although the ownership of these shares is no longer in the hands of the Ho Ying-Tong family, the Ho Ying-Tong family still controls the Ho Ying-Tong Foundation in Macau, so the control of the shares is in their hands. Ho Zhenting is currently the chairman of the Macau Ho Ying-Tong Foundation.
From this equity structure, the shares between the Huo family and the He family's second house are basically the same, but the second house currently temporarily controls the entire SJB series. But the problem is here. If the shares of the Ho Ying-Tong family are very close to those of the He family, then if there are differences in operations between the two parties in the future, then the conflict will come.
At that time, will the Huo family and the He family compete? Some people may say that they are family friends and will definitely not make a fuss about this matter. Many people may not know that there was a conflict between Ho Ying-tung and Stanley Ho back then. Although the two of them are good friends, they also went to Macau to bid for gambling cards.
However, Stanley Ho and Ho Ying-tung's original intentions are different in this matter. Stanley Ho is to make money, while Ho Ying-tung hopes to develop gambling into a charity. When bidding for gambling cards, a plan proposed by Stanley Ho and Ho Ying-tung was to invest all the profits of gambling into the urban development of Macau. This allowed them to defeat the Fu Laorong family and successfully get the gambling license.
But Ho Ying-tung later complained that in the development of Australian entertainment, Stanley Ho had many unclear situations. Ho Ying-tung also believed that many of Stanley Ho's later practices violated the original principles.
In addition, Ho Ying-tung is not satisfied with the time when Stanley Ho made a bet with Portugal and signs the return. Stanley Ho wanted to list SJM at that time, but Ho Ying-tung did not support it. It can be said that for the sake of the gambling business, there are many conflicts between Ho Ying-tung and Stanley Ho.But at that time, Stanley Ho was the major shareholder, and the whole company supported him very much. So Ho Ying-tung had no choice. In the end, Ho Ying-tung could only donate all his shares to Ho Ying-tung's charity fund in 2003 to show his attitude.
After Ho Ying-tung's death in 2006, Stanley Ho went to see his old friend and it was considered that the two sides had reconciled. Ho Ying-tung once commented on Stanley Ho in this way, saying that without him, everything would be fake in Macau, including Stanley Ho.
Obviously, the so-called family friendship is also based on interests. In the past, the Huo family did not intervene in the company's management, so whether it is better or worse is the final decision of the Ho family. But now, in order to strengthen his control over the entire SJM system, Ho Chaoqiong signed an agreement with Huo Zhenting to act in concert. This agreement does not include three bedrooms and four bedrooms. So what is He Chaoqiong doing this? Basically, everyone can understand it.
But Ho Chaoqiong may have missed a problem, that is, because of this agreement, the Huo family began to work in the entire SJM department, and now Huo Qishan has also joined. Obviously, the young people in the Huo family have the abilities, qualities and reputation of the young people in the He family.
If Huo Qishan and He Youheng compete, then who will the shareholders support to take over? It will definitely be Huo Qishan's victory. Now everyone's interests are consistent, and it's easy to say that there are no conflicts for the time being, but what about the future?
What if the Huo family wants to replace it? Can the second house handle the Huo family? At that time, the second bedroom needs the support of the third and fourth bedrooms. But who knows whether the third and fourth bedrooms will support the second bedroom at that time. In addition, the attitude of the Zheng Jiachun family is also very important. They hold 10% of the Australian Entertainment shares and are also one of the major shareholders.
In fact, the Huo family is involved in the daily management of SJM. At present, it is a good thing for the time being, but it may lay hidden dangers in the future.
