sjm

Analysts said they did not expect the move to have any effect on the management of SJM .

分析师们表示，他们并不认为此举会给澳博的管理层带来任何影响。

SJM 's shares have fallen by more than 50 per cent in their first two months of trading .

澳博股价在上市头两个月下挫逾50%。

It did help that SJM 's targets were modest to begin with .

从一开始就不设定太高的目标确实很明智。

SJM envisaged a $ 2bn offering when the idea was first mooted three years ago .

在3年前上市的想法提请审议时，澳博计划融资20亿美元。

SJM also inhibited the rabbit platelet aggregation induced by ADP , Collagen or arachidonic acid .

也抑制花生四稀酸、胶原及ADP诱导的兔血小板聚集。

SJM 's road to market has been a long and tortuous one , dogged by bad luck and controversy .

澳博的上市之路漫长而曲折，厄运和争议始终紧紧相随。

SJM routinely conducts business with other ho companies as well as firms controlled by members of his family and SJM management .

常规情况下，澳博与其它一些何氏企业及其家族成员和澳博管理层控制的公司进行业务往来。

Last month , Ms Leong was appointed managing director of SJM and given an 8 per cent stake in the company .

上月，梁安琪被任命为澳博常务董事，并被授予了该公司8%的股权。

The first is that SJM will meet with all of you with a brand new appearance , and I believe this time will be absolutely perfect !

首个就是SJM要以全新的面貌和大家见面了，我相信这次会很完美！

STDM , which will hold 61 per cent of SJM after its listing , provides an array of services to the company .

澳博上市后，澳娱将持有其61%的股权，为其提供一系列服务。

SJM also conducts business with a host of smaller private companies in which Mr Ho , his family members and STDM directors have beneficial interests .

澳博还与许多何鸿、何氏家族成员以及澳娱董事享有受益权的小型私营企业有业务往来。

Despite that , Mr Ho 's SJM remains the biggest force in Macao its 19 casinos account for about 30 per cent of the market .

尽管如此，何鸿燊的澳博仍在澳门独占鳌头公司旗下的19家赌场约占市场份额的30%。

A successful IPO , people close to the company argue , would effect a much-needed transformation of SJM , allowing it to compete better against listed overseas rivals .

熟悉澳博的人士认为，成功的ipo将促使澳博进行亟需的转型，让它可以更好地与海外上市竞争对手展开竞争。

Unlike the latter two operators , SJM is focused purely on Macao where its profile is more mature and the scope for growth correspondingly muted .

与后两家运营商不同，澳博只专注在澳门经营。在这里它已发展得比较成熟，增长空间相应有限。

Any monopoly has a level of inertia that has to be overcome , adds Frank McFadden , SJM 's president for joint ventures and business development .

任何垄断都具有某种必须克服的惯性，澳博合资公司及业务发展总裁麦辉霆（FrankMcFadden）补充称。

SJM is selling 25 per cent of its shares for $ 494m , less than half the $ 1bn it intended to raise in January .

澳博将出售其25%的股份，融资金额达4.94亿美元，不到它在1月份打算筹资10亿美元的一半。

In the first quarter of this year , SJM 's share was 28 per cent , a far cry from the pre-2004 era when it had a monopoly .

今年第一季度，澳博的市场份额为28%，与2004年前居于垄断地位相比有不小的落差。

The application by Ms Ho , whose lawyers challenged listing approvals granted to SJM by both the territory 's bourse and market regulator , was rejected yesterday .

何婉琪的申请昨日遭到拒绝。她的律师就港交所及市场监管机构批准澳博上市一事提出挑战。

When Mr Ho revived SJM 's listing plans last month , the offering had to be scaled down to $ 494m , partly because of poor market conditions .

何鸿燊上月重启澳博上市计划，将募资规模调降至4.94亿美元，部分原因是市场不景气。

Mr Ho 's sister has launched a last-minute judicial review challenging the approval of SJM 's listing by the Hong Kong regulator and stock exchange , with a ruling expected today .

何婉琪已在最后一刻提出司法复核，对香港监管机构和交易所批准澳博上市发起了挑战。预计法院裁定将于9日公布。

SJM announced the delay before the court issued its ruling , saying that Ms Ho 's judicial review proceedings constitute significant new information which might be material to investors ' ability to make an informed assessment .

澳博在法院发布裁决之前宣布推迟上市。它表示，何婉琪的司法复核诉讼，构成了重大的新信息，这对投资者能够作出明智评估可能具有实质重要性。

The family battle is understood to have begun in December when one of his daughters , Daisy Ho , was blocked by the management of SJM from joining the board of the company .

这场家庭纠纷据信始自去年12月份，当时何鸿的女儿之一何超凤（daisyho）被澳博的管理层阻止，不让她加入公司董事会。

As of [ Monday ] we thought the succession issue had been resolved , but now we expect it to drag on for a long time and for SJM to trade at a discount to its peers .

就在周一，我们还以为继承问题已得到解决，但现在，我们预计此事将拖延很长一段时间，使澳博股价相对于同行有一定折让。

Granted , the Sands hopes to open an even bigger casino next year , and three out of the four other operators ( Wynn , MGM and Mr Ho 's SJM ) have ambitious plans .

也许，金沙渴望明年新开一间更大的赌城，其他四家有三家（永利、米高梅、何的SJM）野心勃勃，跃跃欲试。

By maintaining its leadership for so long , SJM has proved a lot of people wrong , says Billy Ng , analyst at JPMorgan , who expects Stanley Ho to maintain a lead until at least next year .

澳博将领先地位保持了如此之久，证明许多人都错了，摩根大通（JPMorgan）的分析师BillyNg表示。他预期至少到明年，何鸿燊仍会保持领军者的地位。