Sing Tao's Charles Ho Sells Majority Stake
"); jQuery("#212 h3").html("
"); });
2021-02-02 HKT 19:07
Share this story
Sing Tao News Corporation now has a new major shareholder.
Charles Ho, chairman of the company that publishes the Chinese-language Sing Tao Daily and the free English daily, The Standard, has sold a 28 percent stake in the firm to Guo Xiaoting, vice chairwoman of mainland property management firm, Kaisa Prosperity, for HK$370 million.
The stake sale reduced Ho's shareholding from 31 percent to 3 percent and made Guo the major shareholder. She did not have a stake in Sing Tao previously.
Guo, 27, is the daughter of Kwok Ying-shing, chairman of the mainland property firm, Kaisa Group.
Both Kaisa Group and Kaisa Prosperity are listed on the Hong Kong stock exchange.
Ho is a member of the political advisory body, the Chinese People’s Political Consultative Conference. He took control of Sing Tao in 2001.
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more