The tycoon had earlier said the transfer of a 31.7 percent stake in Sociedade de Turismo e Diversoes de Macau SA to five of his children and the woman he refers to as his third wife was done without his consent. The stake in STDM may be worth at least $1.63 billion using today’s stock price of unit SJM Holdings Ltd.
“The big problem has been resolved,” Ho, 89, said in an interview broadcast today by Television Broadcasts Ltd. “My families and I are very happy we have made the decision.”
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