Followed the recent Forbe's billionaire ranking, it suggested that Stanley Ho has lost 90% of his asset value. A reporter asked how he felt after a speech yesterday. With his advanced age, he doesn't look that, responded very humorously. He said: "That's good. Now when people ask me for donation, I have no money. When people try to rob me, I have no money and when gang tries to kidnap a wealthy businessman, I am not the target.". And then he followed up by offering some interesting information to Forbe. "Asset evaluation of me, only I know how much I have; Forbe doesn't. The Casino company that went public last year, I only purchased a little bit. If I lost the values of my share holding, I still won't lose sleep over.". And then he followed by saying "My Casino is like a printing press. Keeps on printing money." Ummm......
This guy's tongue is sharp. He offered a very "sarcastic" comment in the recent privatization of PCCW in Hong Kong. The major shareholder is Li's son. Ho said "He (Li's son) is a sharp kid. I admire him". Yesterday. The Hong Kong gov't stepped in to investigate a major shareholder's vote; lots of insurance brokers were lamenting they did not know they were duped by the proxy; and now the Chinese gov't wants to know what's going on.
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