Sing Tao News Corporation

{{distinguish|Sing Tao Holdings}}

{{Infobox company

| name = Sing Tao News Corporation Limited

| logo = Sing Tao News Corporation Limited.svg

| type = Public

| traded_as = {{hkex|1105}}

| former_name = {{ubl|Perfect Treasure Holdings|Global China Technology|Global China Group Holdings}}

| foundation = 1996Filings in Hong Kong Companies Registry

| location = Hong Kong

| key_people = {{ubl|Kwok Ying-shing (Chairman)}}

| industry = Media

| products = {{ubl|Sing Tao Daily|The Standard|Headline Daily}}

| revenue =

| operating_income =

| net_income =

| num_employees =

| parent =

| subsid =

| homepage = {{official url}}

| footnotes =

}}

{{Infobox Chinese

| first = t

| s = 星岛新闻集团有限公司

| t = 星島新聞集團有限公司

| j = sing1 dou2 san1 man4 zaap6 tyun4 jau5 haan6 gung1 si1

| p = Xīngdǎo Xīnwén Jítuán Yǒuxiàn Gōngsī

| altname = Global China Group Holdings Limited

| t2 = 泛華集團控股有限公司

| s2 = 泛华集团控股有限公司

| j2 = faan3 waa4 zaap6 tyun4 hung3 gu2 jau5 haan6 gung1 si1

}}

Sing Tao News Corporation Limited (Sing Tao) is a Hong Kong media company, incorporated in Bermuda. It was formerly called Global China Group Holdings Limited.{{cite press release|url=http://www.singtaonewscorp.com/english/press_release/pdf/LTN20050303038.pdf|title=Trading arrangement and exchange of share certificates|date=2 March 2005|accessdate=8 July 2018|publisher=Sing Tao News Corporation}}

History

The Group, which is listed on the Stock Exchange of Hong Kong, was founded in 1996, under the name Perfect Treasure Holdings Limited and would go on to acquire and take on the name of the much older Sing Tao newspaper.

Perfect Treasure was acquired by Charles Ho{{cite news|url=http://std.stheadline.com/archive/fullstory.asp?id=20000619d03|script-title=zh:何柱國購柏寶交易續進行|date=19 June 2000|accessdate=8 July 2018|work=Sing Tao Daily|language=zh-hk}} and renamed to Global China Technology Group Limited in mid-2000. The following January, Global China Technology Group acquired a 51.36% majority holding in Sing Tao Holdings from private equity fund Lazard Asia{{cite press release|url=http://www3.hkexnews.hk/listedco/listconews/SEHK/2001/0109/LTN20010109022.doc|title=Announcement & Resumption of Trading|date=9 January 2001|access-date=30 September 2017|publisher=Global China Technology Group|via=Hong Kong Stock Exchange|format=Microsoft Word}} and Ho became executive chairman of both Global China Technology Group and Sing Tao Holdings. In 2002, Sing Tao Holdings was fully acquired by GCT.

The company was then renamed again, from Global China Technology Group to Global China Group Holdings Limited, on 4 October 2002. At this time its business interests included the distribution of Nikon cameras and the provision of broadband services, in China, along with the newly acquired Sing Tao media stable.

=Sing Tao News Corporation=

Ho had been honorary chairman of Sing Tao Holdings since September 1999, when it was acquired by Lazard Asia after struggling under founder-family member Sally Aw.{{cite book|url=http://www.hkexnews.hk/listedco/listconews/SEHK/2001/0809/LTN20010809051.htm|title=2000–01 Annual Report|date=9 August 2001|access-date=8 July 2018|publisher=Sing Tao Holdings|page=24|chapter-url=http://www.hkexnews.hk/listedco/listconews/SEHK/2001/0809/233/F108.pdf|chapter=Profile of management}}

In mid-2002 the Sing Tao subsidiary, excluding Sing Tao Media Holdings, which held the Sing Tao newspaper, and Colony Hotel, was sold on to Ming Yuan Investment Group, a private company owned by Yao Yuan.{{cite web|url=http://www.hkexnews.hk/listedco/listconews/SEHK/2002/0802/LTN20020802055.pdf|title=Circular (Disclosable Transaction, Disposal of 74.5% Interests in Sing Tao Holdings Limited) |date=2 August 2002|access-date=30 September 2017|publisher=Global China Technology Group|via=Hong Kong Stock Exchange}}{{cite web|url=http://www.hkexnews.hk/listedco/listconews/SEHK/2002/0902/LTN20020902060.pdf|title=Circular (Voluntary Conditional Securities Exchange Offer by Global China Corporate Finance Limited on behalf of Global China Multimedia Limited to acquire all the Issued Shares in Sing Tao Media Holdings Limited) |date=2 September 2002|access-date=30 September 2017|publisher=Global China Technology Group|via=Hong Kong Stock Exchange}}

Sing Tao Holdings became known as Shanghai Mingyuan Holdings, from October 2002. Sing Tao Media Holdings was an intermediate company for newspaper and magazine business of the former Sing Tao Holdings group. In early 2002, Sing Tao Media acquired the Hong Kong magazines 'Teens' and 'East Touch', as founding titles in the magazine publishing division of the group.[https://www1.hkexnews.hk/listedco/listconews/sehk/2002/0509/0233/f102.pdf Sing Tao Holdings Ltd Annual Report] 2002, Profile of the Group

The predecessors of Sing Tao Holdings as the parent company of Sing Tao group, was Sing Tao Limited (aka: Sing Tao Newspapers Limited and Sin Poh Amalgamated (H.K.) Limited). As of 2018, Sing Tao Limited still operated as a company and a subsidiary of Sing Tao News Corporation.

In 2003, Colony Hotel, which the company partially owned, was sold{{Cite web| title=Interim Report 2003 - Condensed Consolidated Profit and Loss Account | url=http://www.hkexnews.hk/listedco/listconews/SEHK/2003/0929/01105/F101.pdf | archive-url=https://web.archive.org/web/20180903115101/http://www.hkexnews.hk/listedco/listconews/SEHK/2003/0929/01105/F101.pdf | archive-date=2018-09-03}} to the University of Toronto.

On 22 February 2005, Global China Group Holdings was renamed to Sing Tao News Corporation. In the same year Sing Tao sold the headquarters of its newspaper division in Kowloon Bay, Kowloon.{{cite news|url=http://www.scmp.com/article/508132/sing-tao-buoyed-370m-sale|title=Sing Tao buoyed by $370m sale|date=14 July 2005|access-date=2 October 2017|work=South China Morning Post|publication-place=Hong Kong}} The headquarters was later relocated to A Kung Ngam in Hong Kong Island. In 2017, the headquarters was relocated to Tseung Kwan O.

=Charles Ho relinquishes control=

In February 2021, Ho sold a 28 percent stake in Sing Tao News Corporation to Kwok Hiu-ting (Guo Xiaoting), vice chairwoman of mainland property management firm Kaisa Prosperity, for HK$370 million. Kwok, born 1994, who is the daughter of Kwok Ying-shing (郭英成), chairman of the mainland property firm, Kaisa Group, instantly became the majority shareholder, up from zero. Ho retained just three percent of the company.[https://news.rthk.hk/rthk/en/component/k2/1573689-20210202.htm Sing Tao's Charles Ho sells majority stake], RTHK, 2 Feb 2021[http://www.scmp.com/business/china-business/article/3120268/shenzhen-based-kaisa-groups-kwok-hiu-ting-becomes-largest Kwok Hiu-ting, 26-year-old daughter of Kaisa’s magnate, buys Hong Kong’s Chinese newspaper Sing Tao for US$47.7 million], SCMP, 2 February 2021{{cite news|url=http://www.bloomberg.com/news/articles/2021-02-02/chinese-tycoon-s-daughter-buys-hong-kong-newspaper-control|title=Chinese Tycoon's Daughter Buys Hong Kong Newspaper Control|archiveurl=https://web.archive.org/web/20211202143517/http://www.bloomberg.com/news/articles/2021-02-02/chinese-tycoon-s-daughter-buys-hong-kong-newspaper-control|archivedate=2021-12-02}}

File:Sing Tao News Corporation.jpg]]

Publications

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  • newspapers{{cite web|url=http://www.singtaonewscorp.com/notice/annualReport/2_2017042018590365757.pdf|title=2016 Annual Report|date=2017|access-date=3 October 2017|publisher=Sing Tao News Corporation}}
  • Sing Tao Daily
  • The Standard
  • Headline Daily
  • {{ill|Bastille Post|zh|巴士的報}}{{Cite web |url=https://www.am730.com.hk/%E8%B2%A1%E7%B6%93/%E6%98%9F%E5%B3%B6%E6%82%89%E5%94%AE-%E5%B7%B4%E5%A3%AB%E7%9A%84%E5%A0%B1-%E4%B8%89%E6%88%90%E6%AC%8A%E7%9B%8A-%E6%B5%B7%E5%A4%96%E6%A5%AD%E5%8B%99%E6%94%B6%E7%BE%8E%E5%9C%8B%E6%94%BF%E5%BA%9C%E8%BF%912000%E8%90%AC%E8%A3%9C%E5%8A%A9/396251 |title=星島悉售《巴士的報》三成權益 海外業務收美國政府近2000萬補助 |date=25 August 2023 |publisher=am730 |access-date=13 July 2024 |language=zh}}

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  • magazines
  • East Week
  • East Touch
  • PC Market{{citation needed|date=September 2017}}
  • Jet Magazine{{Cite web |url=https://www.singtao.ca/6029243/2022-09-24/post-%E8%B3%80%E3%80%8Ajet%E3%80%8B%E9%9B%9C%E8%AA%8C%E4%BA%8C%E5%8D%81%E5%91%A8%E5%B9%B4-st-topic/?variant=zh-hk |title=賀《jet》雜誌二十周年 |date=24 September 2022 |publisher=Sing Tao Daily |access-date=15 May 2024 |language=zh}}
  • Caz Buyer
  • Ohpama{{Cite web |url=https://hk.news.yahoo.com/%E5%8D%87%E5%AD%B8%E8%A6%AA%E5%AD%90%E7%B6%B2-oh-%E7%88%B8%E5%AA%BD-%E8%A7%A3%E7%96%91%E9%9B%A3-215518016.html |title=升學親子網 「Oh!爸媽」解疑難 |date=9 November 2015 |publisher=Sing Tao Daily |website=Yahoo! News |access-date=13 July 2024 |language=zh}}
  • Smart Choice Weekly{{citation needed|date=September 2017}}

{{col-end}}

See also

References

{{reflist|30em}}