5 major reasons determine He Chaoqiong’s C position. Gambling king Stanley Ho passed away, and her era has officially arrived.
So far, there should be no listed company that can realize that the stock price does not fall but rises after the death of its founder. And He Chaoqiong successfully achieved it with her excellent operational capabilities, strong psychological quality, and the accumulation of these people in the business world.
Shun Tak Group, MGM China, owned by Ho Chiu-king, and Melco International, owned by Ho Chiu-king's brother Lawrence Ho, are all soaring;
Especially Shun Tak Group, with Ho Chiu-king as chairman, After the news that the gambling king was critically ill came out on May 25, the stock price slowly climbed up in early trading on the 26th, rising by more than 9 before midday; it rose again in the afternoon. As of 14:22, Shunde Group rose by 22.66 to HK$3.14 per share. Hitting a nearly 2-month high.
After Steve Jobs passed away, Apple’s stock price fell by 0.23. This is also due to the major positive news in the market: Stimulated by the news that the European Central Bank will reorganize bank assets to prevent the spread of the debt crisis, it was able to achieve a slight decline, otherwise it would have been a sharp decline.
Capital has always been bloodthirsty and profit-seeking. The stock market’s reaction to the news of the gambling king’s death just shows the market’s affirmation of He Chaoqiong.
After the death of the gambling king, her family members jointly held a press conference. Judging from the positions in each room, her right to speak was evident: the one who stood in the C position and spoke on behalf of the gambling king’s family was He Chaoqiong.
This is not her first C position.
In November 2019, in order to celebrate the 70th anniversary of the founding of the People's Republic of China and the 20th anniversary of Macau's return, gambling king Stanley Ho donated the bronze horse head statue of the Old Summer Palace to the State Administration of Cultural Heritage. At that time, the gambling king family was almost in full force, but He Chaoqiong still stood in the C position.
This article gives the five major reasons why He Chaoqiong is c-ranked from five aspects: mother’s background, degree of favor, strategic position, own business ability and current housing situation.
In 1957, 14-year-old Lan Qiongying was forcibly married into his second wife by a gambling king in accordance with the "Qing Dynasty regulations" when the eldest brother Li Wanhua was bedridden. She has been the gambling king for almost 28 years, and her popularity is unrivaled.
In 1971, Hong Kong announced the abolition of "polygamy", and the third-bedroom wife Chen Wanzhen in 1985 and the fourth-bedroom wife An Qina Liang in 1988 were both wives without official names.
He Chaoqiong is the eldest daughter of the second wife, and the eldest son and one daughter who are still alive have all withdrawn from the competition for family property early.
Sons are more valuable than mothers, and He Chaoqiong’s family status is evident.
On August 26, 1962, Ho Chaoqiong was born as the eldest daughter of Stanley Ho’s second wife, Lan Qiongying. That year, the gambling king obtained the gambling license and monopolized the gambling industry for 40 years.
The gambling king, who believed in Feng Shui, thought that his daughter had "good feet", so he doted on her even more.
In 1981, He Chaoqiong, who had just finished middle school, was forced to change her college choice. This is related to an accident:
The gambling king's original heir, the eldest son of the elder, He Youguang and Suki, died in a car accident in Portugal, leaving behind two daughters, He Jiawen and He Jiahua.
At that time, He Chaoqiong was only 19 years old, and the other children were still too young, and the third and fourth families had not yet married. So the gambling king looked around among his children and chose He Chaoqiong.
From then on, her life trajectory was completely determined by the gambling king. The school you attend, the person you marry, and the direction of your career are all closely related to your future inheritance.
Therefore, after the death of the eldest son, He Chaoqiong was once groomed as an heir. Her business talents and business methods were almost taught by Stanley Ho.
The school and major she attended, her marriage to Xu Jinheng, her first job, and her subsequent career development trajectory all followed the path planned by the gambling king.
During the time when she was being cultivated, I believe anyone with a discerning eye could see her strategic position in the family.
In the years when the gambling king was semi-retired, He Chaoqiong took part in many major business activities on his behalf.
Her business talents and business acumen were revealed as early as 27 years old.
In 1989, 27-year-old He Chaoqiong had her own Tianji Public Relations Company. This company currently includes the business of big-name brands such as LV;
In 1995, He Chaoqiong officially entered the Shun Tak Group. Her strategic vision saved the endangered shipping sector and successfully launched the first shot in the group. Won a good reputation;
In 1998, taking advantage of Macau's return, she devoted all her efforts to build the "Macau Tower", which is now a landmark building;
In 2005, she invested US$80 million in Macau Mei China began to build her own business empire;
In 2011, she successfully managed the listing of MGM China with a market value of 5 billion, becoming the new richest woman in Hong Kong selected by Forbes.
She has walked step by step with a halo, but also has her own plans and efforts. She accurately judged the economic situation and therefore made a particularly steady step. It is no exaggeration to say that she is a strong business woman.
The most important reason why Apple has significantly lowered its expectations due to the death of Steve Jobs is the disapproval of his successor Cook.
As a powerful successor to the gambling king, He Chaoqiong’s business talents are recognized by the industry. Especially from the time when the 89-year-old gambling king fell and was seriously injured and was admitted to the hospital until his death at the age of 98, there were many fake news of critical illness during this period, and the public had already prepared a psychological defense. He Chaoqiong's frequent appearances and outstanding performance have been deeply rooted in the hearts of the people.
There are currently six gambling licenses in Macau, and the Stanley Ho family owns three, including MGM, where Ho Chao-king is the chairman, and Melco, which is also managed by the eldest son of the second-family member, Lawrence Ho. The remaining SJM Holdings is the biggest "cake". It can be said that SJM Holdings is the core asset of the casino kingdom founded by Stanley Ho.
In the gambling king’s business territory, the two biggest ones are SJM and Shun Tak. The chairmanships of these two big fat companies have both been given to the second house. The eldest daughter, Ho Chiu-king, took over Shun Tak Group, and the second daughter, Ho Chiu-fung, took over as chairman and executive director of SJM.
Although Si Tailiang Anqi directly and indirectly holds 12.33% of SJM’s shares, in January last year, the second-fang camp formed a five-party alliance with the Fok Ying Tung Foundation, Lanceford, and Interdragon***, and a** *Holding 53 shares of SJM Holdings, which means indirectly holding nearly 29 shares of SJM Holdings.
More importantly, after forming an alliance with the Huo Family Fund, Erfang can nominate the directors of SOE and SJM through the alliance.
The second-home camp as a whole occupies the majority of the gambling king's commercial sector, whether it is equity or operating rights. As the eldest sister, He Chaoqiong has an unshakable position in the second room, and her C position is simply understandable.
No wonder He Youjun replied to others on Weibo in his early years, saying, "The family property has been divided long ago."
As early as the previous two times when the gambling king accused his children of fighting for family property, the overall situation was almost decided.
Gambling kings are good at balancing, sharing shares and important positions to check and balance each other. But when he stepped down as chairman of SJM in 2018, he decided to leave the position of chairman and executive director to the second-in-command, He Chaofeng, who has business talent.
Regardless of the current situation, there is no doubt that the second-room owner has an absolute advantage; and He Chaoqiong’s status as a family sister, her growth trajectory since childhood, and her outstanding performance in business fully demonstrate an indisputable Fact: Her C position is secure and no one can shake it.