Stanley Ho’s estranged sister, Winnie, was yesterday seeking to appeal the court decision of the listing of SJM Holdings on the Hong Kong Stock Exchange.
According to a Reuters report, Winnie Ho had filed a notice of motion in the Court of Appeal informing it of her intention to take her case to the Court of Final Appeal.
She is contesting the decision by the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange to allow SJM‘s listing to proceed.
She is disputing who owns the unlisted parent firm of SJM, which is also controlled by Stanley Ho.
Shares of SJM, which went public on July 16, are down 10.7 percent from their IPO offering price of HKD 3.08, lagging a 2 percent increase in Hong Kong’s benchmark Hang Seng Index.
Over the past years, Winnie has filed more than 30 lawsuits against her brother, according to SJM‘s listing prospectus.