Tycoon transfers empire
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Bhavya [2011-05-20]
Macao casino tycoon Stanley Ho has transferred the bulk of his stake in flagship SJM Holdings to relatives, the firm said Monday, the latest in a succession plan at his gaming empire. The 89-year-old billionaire, who has been ill in recent years, transferred all but 100 shares to companies controlled by family members, according to a HK stock exchange filing.