The Group holds significant diversified investments in Macau and Hong Kong, including approximately 11.5% effective interest in Sociedade de Turismo e Diversões de Macau, S.A. ("STDM").
STDM has been driving Macau's dynamic economic development for decades and holds approximately 60% equity interest in SJM Holdings Limited, a listed company in the Hong Kong Stock Exchange. SJM Holdings Limited is the holding company of Sociedade de Jogos de Macau, S.A., one of the gaming concessionaires to operate casinos in Macau. In addition to its gaming activities, STDM has interests in several hotels in Macau, Macau International Airport and Air Macau Company Limited, the enclave's flagship carrier. STDM is also active in major property development and infrastructure projects, including the city's contemporary landmark, Macau Tower Convention & Entertainment Centre.