Henderson Land chairman Lee Shau-Kee is celebrating the birth of his seventh grandchild – and plans to give away HK$15 million (US$1.94 million) in laisee money to his staff and friends. The boy, Lee Jianzi, was born recently to Lee's younger son Martin Lee Ka-Shing and daughter-in-law Cathy Tsui Chi-Kei. The baby, who is the second son and fouth child for the couple, was named by Lee Shau-Kee. Martin Lee and Tsui said in a statement, released through Henderson today, that the Lee family was excited about the new member. "Elder sisters Leanna and Hayley and brother Triston are very excited about the addition of a little brother," they said. As part of the celebration for the newborn, Lee Shau-Kee will give away HK$10,000 in cash to each of his 1,500 staff and friends, according to a Henderson Land spokswoman. This will cost Lee Shau-Kee at least HK$15 million in cash. The spokeswoman added that this was the fifth time Lee had given away laisee to celebrate the birth of a grandchild and the wedding of his son Martin Lee Ka-shing, taking the the total payout to HK$60 million over the past nine years. “Uncle Four is extremely happy about the newborn grandson,” said the spokeswoman, referring to the elder Lee’s nickname. It is the seventh grandchild by his two sons, Martin Lee and Peter Lee Ka-Kit. The baby weights 5.7 lbs and has yet to be given an English name. Cred: SCMP.COM / Oncc