Stanley Ho Children

Posted : admin On 3/28/2022

Stanley Ho Children Angela And Deborah
Stanley Ho Children

A rift has surfaced among gaming magnate Stanley Ho Hung-sun's next of kin over his two family trusts.

Stanley Ho’s Kids Will Each Receive At Least S$18K A Month From A Family Trust The Late Casino King Had Set Up Their privileges might get revoked if they spend their money recklessly though. There’s been a lot of talk about how the late Stanley Ho would be splitting his vast wealth among his family members.

Stanley Ho has a total of 17 children from a total of four marriages and one of his youngest children is going viral for her beauty.
1 of 4 Stanley and Clementina were quite the lookers in their younger days While his second, third and fourth wives and their kids are still very much in the public eye, little is known about the.

Deborah Ho, a daughter of the tycoon's deceased first wife Clementina Leitao, triggered a legal action in the High Court last Tuesday by asking her elder sister, Angela Ho Chiu-yin, who is the trustee of The Clementina Ho Trust and The Stanley and Clementina Family Trusts, to provide her with deeds and documents related to changes to the trusts' arrangement.

Deborah, as a beneficiary, also requested Angela elaborate on the amount and state of property of the trusts.

Trust deeds, deeds involving removal and appointment of trustees, information of changes in the structure of the trusts, full trust accounts and financial statements and documents concerning remuneration received by Angela or other previous trustees were among the information she is seeking.

Casino tycoon Stanley Ho's son paid US$64 million for Hong Kong

Deborah also requested that her sister provide copies of all communications that had been made between Angela or other previous trustees and their legal advisers.

The minutes of three meetings between Angela and the beneficiaries, including herself, between 2013 and 2015 in her lawyers' firm, and the minutes and PowerPoint slides relating to a meeting on January 15 in the same location were also requested.

The documents must be handed over within seven days after the court made the orders.

Stanley Ho Children Angela And Deborah

A Friday statement Angela's lawyers issued on her behalf said it was unfortunate her sister had issued proceedings against her to obtain the documents.

It said under Angela's management, the trusts had outperformed the market and had been operating in a compliant manner. All beneficiaries' needs had been taken care of equally, and Deborah had not been denied any access to information relating to the trusts, it said.

The trusts had held annual meetings to reveal to all beneficiaries the status of its assets and performances. Deborah's questions were also addressed during the meetings.

Stanley Ho's four-decade grip on the world's biggest casino hub

Stanley Ho Children

'Deborah claims that she is ill in Macau and poor, and this is unfortunately a fabrication as she has received distributions annually on time and has received around HK$97 million (US$12.5 million),' it said.

Angela was quoted as saying: 'I am very sad and dismayed that all the family members have been dragged into this matter due to Deborah's unnecessary and disruptive actions.'

'King of Gambling' Stanley Ho, 98, one of Asia's richest men, monopolised the gaming industry in Macau until 2002, when the casino hub's government introduced foreign investors.

The Hong Kong-Macau business magnate co-founded SJM Holdings in 1962, which owns nineteen casinos in Macau including the Grand Lisboa. He has four wives and 17 children.

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