Billionaire Asian businessman Stanley Ho has divested from Portline Containers International after the company’s assets in the Portmar Shipping Agency and Portline Logistics were spun-off to Lisbon-based Terminal Multiusos do Beato group, Portuguese news-outlets reported.
The Portuguese logistics company Portline Containers International specializes in containerized goods and offers a trading link between Cape Verde and the West African port of Guinea-Bissau. Stanley Ho, who is better known for his casino business in Macau, has always kept substantial investments in shipping and logistics. He is currently the executive chairman of the Hong Kong-based Shun Tak Shipping company.
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The 93 year-old businessman, also known as Ho Hung-Sun, was born in Hong Kong. His grandfather was an influential Dutch-Jewish businessman who married a Chinese women. However, Ho’s personal fortunes turned when he was 12, after his father lost a lot of money in stock investments. Despite early hardships, Ho graduated from Hong Kong University, mastering at least three languages.
Stanley Ho started his career at a trading company in Macau and became its shareholder at the age of 21. In 1943, Ho invested his fortune in Hong-Kong’s construction industry. He later turned to gambling business, winning monopoly rights to run casinos in Macau, beating Macau’s influential Fu family. Besides Macau and Hong Kong, He has made substantial investments in mainland China, Portugal, as well as Far-East Asia and Africa.
Ho’s extended family also includes the famous Hollywood actor and martial art’s legend Bruce Lee.
The author is Indian Journalist and Senior Contributing Editor for the Jewish Business News