HK Stock Market Move | SJM Holdings (00880) drops nearly 3% and terminates gaming operations at Ponte 16 Casino, focusing on strengthening core business.

SJM HOLDINGS (00880) fell nearly 3%, down 2.21% to 2.65 Hong Kong dollars at the time of writing, with a trading volume of 22.1166 million Hong Kong dollars. On the news front, SJM HOLDINGS announced that it will not proceed with the previously planned acquisition of the property where Sands Cotai Central is located. After a thorough and careful business evaluation, and considering long-term business strategy, commercial considerations, and overall resource allocation priorities of the group, the acquisition will not proceed. This decision reflects the group's prudent and practical capital planning, and its focus on strengthening core businesses to align with market developments and the group's long-term strategic direction. Therefore, on November 20, 2025, Sands China and Sands China Limited (Sands China, a subsidiary in which Sands China holds a 51% stake), have mutually agreed and entered into a termination agreement.