Ho names wife to head SJM
The appointment has been approved by the board of directors and the Macau government, according to a report in Macau Business.
Leong, a member of SJM’s board of directors and a Macau legislator, told the Macau Post Daily her appointment was a “normal procedure” and was dictated by the octogenarian Ho’s long recovery process from a head injury suffered in mid-2009. “It’s inconvenient for him to frequently travel to Macau and handle company matters,” she said. “That is why I was appointed.”
She added, “I will do my best to help the company maintain its leading position in the industry.”
Earlier this month, Ho transferred 7 percent of SJM Holdings to Leong, increasing her stake to 7.69 percent. He remains the company’s majority shareholder with 56.34 percent.