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Sing Tao Holdings information


Sing Tao Holdings
Company typepublic company
Traded as
SEHK: 233
IndustryMedia and property trading
PredecessorSing Tao Limited
Founded
  • 1951 (predecessor)
  • 1986 (as listed company)[1][2]: 32 
  • 1989 (as Sing Tao Holdings)
Founder
Aw Boon Haw(predecessor)
Sally Aw(Sing Tao Holdings)
Defunct2002
Fate
  • main business sold to Global China Technology Group
  • property business renamed to Ming Yuan Holdings
Successor
  • Sing Tao News Corporation
  • Mingyuan Medicare
Headquarters
Hamilton, Bermuda(registered office)
Kowloon Bay, Hong Kong(de facto)
Area served
  • Hong Kong
  • overseas Chinese communities
  • Canada
Key people
Kwok Ying-shing (chairman)
Products
  • newspaper
  • printing and publishing
  • hotel
Services
  • property trading
  • property investment
  • football club
Revenue
Decrease HK$1.273 billion(2000–01)
HK$933 million(2001)
Net income
Decrease HK$(62 million)(2000–01)
Decrease HK$(66 million)(2001)
Total equity
Decrease HK$820 million(2000–01)
Decrease HK$755 million(2001)
OwnerGlobal China Technology Group (74.5%)
SubsidiariesSing Tao Limited (100%)
Chinese name
Traditional Chinese星島集團有限公司
Literal meaningSingtao Group Limited Company
Footnotes / references
based on consolidated financial statements of financial year 2000–01 and 2001; financial year 2000–01 ended on 31 March;[4] financial year 2001 ended on 31 December[5]
Sing Tao Limited
Traditional Chinese星島有限公司
Sing Tao Newspapers Limited
Traditional Chinese星島報業有限公司
Sin Poh Amalgamated (H.K.) Limited
Traditional Chinese星系報業(香港)有限公司

Sing Tao Holdings Limited was a Bermuda-incorporated company, but headquartered in Hong Kong. The company was listed in The Stock Exchange of Hong Kong. The company was a media and property conglomerate until it was dismantled in 2002. After selling the main media business and subsequent takeover in mid-2002, the legal person of the listed company, along with its property business, was renamed into Shanghai Ming Yuan Holdings.

Sing Tao Holdings and its predecessor Sing Tao Limited were majority owned by founder Aw Boon Haw, his daughter Sally Aw and other family members for almost 50 years. Facing financial troubles, Sally Aw sold the controlling stake to a private equity fund of Lazard in 1999. It was then acquired by Charles Ho's listed company Global China Technology Group in January 2001. However, in mid-2002 it was re-sold to a Chinese private company Ming Yuan Investment Group, but excluding Sing Tao's main business: newspaper (as Sing Tao Media Holdings) as well as a hotel in Canada.

In February 2020, the wholly owned subsidiary in Australia was liquidated with over 20 long serving staff made unemployed without notice and their entitlements not paid by the company. Newsagents were pursued for unsold newspapers and not credited for returns.

Around 1991, the group also owned a travel agency, a medical centre, a recording studio and a pharmaceutical company.[6]

  1. ^ "Equities Quote". www.hkex.com.hk. Retrieved 6 August 2023.
  2. ^ Cite error: The named reference Leebook was invoked but never defined (see the help page).
  3. ^ generated by https://www.chineseconverter.com
  4. ^ Cite error: The named reference Singtao200001AR was invoked but never defined (see the help page).
  5. ^ "2001 Annual Report". Sing Tao Holdings. 9 May 2002. Retrieved 2 October 2017 – via Hong Kong Exchange and Clearing Limited.
  6. ^ Cite error: The named reference Grahambook was invoked but never defined (see the help page).

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