Stanley Ho, chairman and chief executive of SJM Holdings, no longer has an “attributable interest” in the casino group, said in a filing with the Hong Kong Stock Exchange.

Stanley Ho had transferred nearly all of his 32% stake in Sociedade de Tourismo e Diversoes de Macau SA, the company that controls SJM Holdings, to two firms controlled by family members. He will retain 100 ordinary shares in the casino group.

Shares of SJM plunged more than 8% yesterday before narrowing the session’s weakness to end 4% lower.

SJM Holdings Limited had been one of our closely monitored counters from the Hong Kong Stock Exchange. This news had come at a time when we have sold of our positions in SJM and does not affect trading results. However, Ho, having multiple wives and many children, and deciding to split his interest amongst all of them, will undoubtedly cause confusion and conflict in ...