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Lai Sun ( 0191.HK ) started as a garment company and branched out with subsidiary company , Lai Sun Development ( 0488.HK ) which is a substantial property development company.
Due to near collapse 20 years ago , the companies did not pay any dividend for about 17 years but recently the companies have resumed paying a tiny dividend.
About 3 years ago, the Lam family held 50% shares in Lai Sun ( 191.HK ) but it seems some family members have been buying the shares and taken the total family holding to 75%.
The share price is around HK $10 ( for 191 ) and HK $12 ( for 488) but the NAV of both companies is over HK $50 .
The company is headed by Peter Lam who has been appointed to head the HK Trade Development Council.( HK Government Unit ) in September . So I am expecting a higher dividend otherwise there is no point raising the family stake from 50% to 75%
As for Shun Ho Holdings ( 253 ) it has not paid any dividend during last 5 years. NAV is $12 .76 and shares are around $2.06
ShunHo Property ( 219) shares are priced around $2.80 and pays 6.9 cents dividend . NAV is $12.30.
The problem for prospective investors is Willian Cheng, CEO has not given any indication he wants to deliver the profits to its shareholders.
Due to near collapse 20 years ago , the companies did not pay any dividend for about 17 years but recently the companies have resumed paying a tiny dividend.
About 3 years ago, the Lam family held 50% shares in Lai Sun ( 191.HK ) but it seems some family members have been buying the shares and taken the total family holding to 75%.
The share price is around HK $10 ( for 191 ) and HK $12 ( for 488) but the NAV of both companies is over HK $50 .
The company is headed by Peter Lam who has been appointed to head the HK Trade Development Council.( HK Government Unit ) in September . So I am expecting a higher dividend otherwise there is no point raising the family stake from 50% to 75%
As for Shun Ho Holdings ( 253 ) it has not paid any dividend during last 5 years. NAV is $12 .76 and shares are around $2.06
ShunHo Property ( 219) shares are priced around $2.80 and pays 6.9 cents dividend . NAV is $12.30.
The problem for prospective investors is Willian Cheng, CEO has not given any indication he wants to deliver the profits to its shareholders.