65-755: 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 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
130-680: A book published by the Chinese University of Hong Kong, citing a document that Sing Tao Holdings was a diversified conglomerate already in 1989, which only 7.7% revenue was from the newspaper despite 50% investments were newspaper related. The company published the Sing Tao Daily , the oldest surviving Chinese language daily newspaper in Hong Kong, which is also published overseas editions in New York City, San Francisco, Vancouver, Toronto , London, Paris, Sydney and Melbourne. The first edition
195-503: A certain extent in South Korea , remain virtually identical to traditional characters, with variations between the two forms largely stylistic. There has historically been a debate on traditional and simplified Chinese characters . Because the simplifications are fairly systematic, it is possible to convert computer-encoded characters between the two sets, with the main issue being ambiguities in simplified representations resulting from
260-567: A computer-assisted trading system on 2 April 1986. In 1993 the exchange launched the "Automatic Order Matching and Execution System" (AMS), which was replaced by the third generation system (AMS/3) in October 2000. David Webb , independent non-executive director of the Exchange since 2003, has been arguing for a super regulatory authority to assume that role as regulator, as there is an inherent conflict between its commercial and regulatory roles. In
325-415: A documentary studio Farkas Studios in 1979. In 1985, the company was privatised by Sally Aw via an Australian-listed company Cereus Australia for a reported price HK$ 13 per share (HK$ 11.5 cash and 1 share of Cinclus.) However, shares owned by Aw family members would only receive HK$ 9 per share (HK$ 7.5 cash and 1 share of Cinclus). The deal also made Cinclus had a wide shareholders base to apply for listing as
390-550: A minority stake in Sin Poh Amalgamated (H.K.), and also served as a director. Aw Toke Tone, son of Aw Hoe, was the managing director of Hong Kong Tiger Standard in 1967. The shares of Sing Tao Newspapers Limited ( Chinese : 星島報業有限公司 ) was once traded in Far East Exchange ( Chinese : 遠東交易所 ) and Kam Ngan Stock Exchange ( Chinese : 金銀證劵交易所 ; lit. 'Gold and Silver Stock Exchange') from 1972,
455-573: A minority stake in the late 1970s to 1984. Circa 1989 a Bermuda-incorporated company Sing Tao Holdings Limited replaced Sing Tao Limited as the holding company of the group. At the same time, Cereus Australia, the investment vehicle Aw used to privatise Sing Tao in 1985, was delisted on the Australian Securities Exchange in the same year by Kargat Pty Limited. The ex-parent company was engaged in property investment in Sydney. According to
520-401: A ninety-minute lunch break, and an afternoon session from 1:30 pm to 4:00 pm. Index futures and options now began trading at 9:15 am, thirty minutes earlier than before, and closed at the same time as before, 4:15 pm. On 5 March 2012, the lunch break was cut to sixty minutes, with the afternoon session running from 1:00 pm to 4:00 pm. The exchange first introduced
585-406: A pre-opening auction from 9:30 am to 9:50 am, followed by continuous trading from 10:00 am to 12:30 pm and 2:30 pm to 4:00 pm. The two-hour lunch break between the morning and afternoon sessions was the longest among the world's 20 major stock exchanges . A 2003 proposal to shorten the lunch break failed due to opposition from brokers. Another plan to shorten the lunch break to one hour was floated by
650-476: A professional football club founded by Sally Aw and Hsu King Shing (the coach of Sing Tao SC before its incorporation), was later owned by Sing Tao Limited and Wong Yue Kai (an accountant of Sing Tao Holdings). The paid-in share capital of the club was remained unchanged for many year for just HK$ 200. In 1990s Sing Tao Holdings also acquired another listed company Jademan Holdings (a new Bermuda-incorporated parent company Culturecom Holdings [ zh ]
715-462: A public announcement to renounce his relationship with Aw Swan. After the death of Aw Boon Haw in 1954, As of 1959, Aw Cheng Chye , eldest son of Aw Boon Haw's brother Aw Boon Par (b.1888, d.1944), was the general manager of Singapore-based Eng Aun Tong , the maker of Tiger Balm , while Sally Aw, became the head of Sin Poh Amalgamated (H.K.) Limited, which she was the largest shareholder among
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#1732886825207780-464: A replacement of Sing Tao. Sing Tao and now independent listed company Impala Pacific [ zh ] (ex-Cinclus), via an investment vehicle Scilla Limited, made a high-profile purchase on a land lease (Kowloon Inland Lot No.10722) in Canton Road , Tsim Sha Tsui, Kowloon in October 1985. The newspaper credited the land lease was the " Land King of Canton Road " ( Chinese : 廣東道地王 ). The price
845-463: A reported HK$ 115.8 million (HK$ 1.20 per share) in December 1998. However, Lazard Asia won the final bid to become the controlling shareholder for a reported HK$ 269 million (HK$ 1.25 per share). According to Charles Ho who bought Sing Tao Holdings in 2001 from Lazard, Cha Mou Sing [ zh ] also made an attempt to buy Sing Tao, but collapsed. However, Cha denied any formal agreement
910-1091: A result, the Securities and Futures Commission (SFC) was set up in 1989 as the single statutory securities market regulator. The market infrastructure was much improved with the introduction by the exchange of the Central Clearing and Settlement System (CCASS) in June 1992 and the Automatic Order Matching and Execution System (AMS) in November 1993. Since then, the framework of market rules and regulations, both exchange-administered or otherwise, have been undergoing continuing review and revision to meet changing market needs while ensuring effective market regulation. The Exchange Listing Rules have been made more comprehensive, and other existing regulations have been improved or new regulations introduced to enhance market development and investor protection. Enhancements were also made to
975-601: A standard set of Chinese character forms used to write Chinese languages . In Taiwan , the set of traditional characters is regulated by the Ministry of Education and standardized in the Standard Form of National Characters . These forms were predominant in written Chinese until the middle of the 20th century, when various countries that use Chinese characters began standardizing simplified sets of characters, often with characters that existed before as well-known variants of
1040-481: A subsidiary of Lazard Asia Fund A, L.P., for HK355.6 million (HK$ 1.65 per share). In January 2002 South China Printing, Noble World Printing, Roman Financial Press, Valiant Packaging Holdings and their subsidiaries were sold from Sing Tao Holdings to Asia Printers Group for HK$ 428 million; Asia Printers Group was owned by CVC Capital Partners and Citigroup . In August 2002 the shares of Sing Tao Holdings that held by Global China Technology Group (74.5%),
1105-596: A total of 18 persons. Aw Hoe [ zh ] , son of Aw Boon Haw, who helped the family to found Sing Tao Daily , died in January 1951 due to a plane crash. The shareholder structure also making other newspapers that founded by Aw family in other city, did not have any relation with each other as parent company and subsidiary. Sally Aw also replaced his foster brother Aw Swan as the head of Sing Tao Daily in mid-1952, as Aw Swan allegedly borrow money by using his foster father's name without his consent. Aw Boon Haw even made
1170-798: Is 産 (also the accepted form in Japan and Korea), while in Hong Kong, Macau and Taiwan the accepted form is 產 (also the accepted form in Vietnamese chữ Nôm ). The PRC tends to print material intended for people in Hong Kong, Macau and Taiwan, and overseas Chinese in traditional characters. For example, versions of the People's Daily are printed in traditional characters, and both People's Daily and Xinhua have traditional character versions of their website available, using Big5 encoding. Mainland companies selling products in Hong Kong, Macau and Taiwan use traditional characters in order to communicate with consumers;
1235-401: Is owned (through its subsidiary Stock Exchange of Hong Kong Limited ) by Hong Kong Exchanges and Clearing Limited (HKEX), a holding company that it also lists ( SEHK : 388 ) and that in 2021 became the world's largest bourse operator in terms of market capitalization , surpassing Chicago-based CME . A 2021 poll reported that approximately 57% of Hong Kong adults had money invested in
1300-483: The Chinese Commercial News , World News , and United Daily News all use traditional characters, as do some Hong Kong–based magazines such as Yazhou Zhoukan . The Philippine Chinese Daily uses simplified characters. DVDs are usually subtitled using traditional characters, influenced by media from Taiwan as well as by the two countries sharing the same DVD region , 3. With most having immigrated to
1365-400: The 9th largest globally by market capitalization as of August 2024. The exchange plays a crucial role in connecting international investors with mainland Chinese companies, serving as a major platform for capital raising. Unlike mainland Chinese exchanges , it operates under Hong Kong’s distinct regulatory framework, which allows greater access to foreign investors. The stock exchange
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#17328868252071430-622: The Shanghainese -language character U+20C8E 𠲎 CJK UNIFIED IDEOGRAPH-20C8E —a composition of 伐 with the ⼝ 'MOUTH' radical—used instead of the Standard Chinese 嗎 ; 吗 . Typefaces often use the initialism TC to signify the use of traditional Chinese characters, as well as SC for simplified Chinese characters . In addition, the Noto, Italy family of typefaces, for example, also provides separate fonts for
1495-680: The 2002 takeover was mainly property investment such as properties in Saba Road, Richmond, British Columbia and in Wyndham Place, Hong Kong. However, it excluded Colony Hotel in Toronto. The Stock Exchange of Hong Kong The Stock Exchange of Hong Kong (香港交易所, SEHK , also known as Hong Kong Stock Exchange ) is a stock exchange based in Hong Kong . It is one of the largest stock exchanges in Asia and
1560-599: The Annual Return filed to the Hong Kong Company Registries in 1952, Aw Boon Haw owned 630 out of 1500 shares of the company; other shareholders were his sons (Aw Kow ( 胡蛟 ) 60; Aw Swan ( 胡山 ), 60; Aw It Haw ( 胡一虎 ) 100; Aw Sze Haw ( 胡四虎 ) 100), daughters ( Sally Aw and Aw Sing ( 胡星 ) 60 each), nephews ( Aw Cheng Chye ( 胡清才 ), and Aw Cheng Taik ( 胡清德 ), 60 each) and grandson, daughters and third generation relatives (total 310 shares held by 9 persons), for
1625-547: The People's Republic of China, traditional Chinese characters are standardised according to the Table of Comparison between Standard, Traditional and Variant Chinese Characters . Dictionaries published in mainland China generally show both simplified and their traditional counterparts. There are differences between the accepted traditional forms in mainland China and elsewhere, for example the accepted traditional form of 产 in mainland China
1690-502: The Stock Exchange of Hong Kong Limited on 19 March of the same year. It was reported that 75% shares were old shares that was sold by Cereus Australia's wholly owned subsidiary Cereus Newspapers (Hong Kong) Limited and only 25% were new shares. In 1987, Sally Aw owned 101,385,026 number of shares directly while her nephew Aw Toke Tone owned 216,000 directly; they did not owned any of the subsidiaries of Sing Tao Limited, including "Hong Kong Standard Newspapers Limited" which Aw Toke Tone owned
1755-834: The Toronto-based semiweekly Chinese News , known for its strong reporting on topics affecting the local Chinese community, contends that the circulation numbers of more Beijing-friendly Chinese-language papers are inflated, giving them an unfair advantage when obtaining revenue through advertising. Unclear figures in media directories, a lack of transparency and of independent circulation audits by publications such as Sing Tao , Ming Pao , and World Journal , and distribution route data relayed by an industry insider who wished to remain anonymous lend credence to such suspicions. The Standard were audited by Hong Kong Audit Bureau of Circulations Limited as of 2012. The case, later known as Hongkong Standard case or Sally Aw case ( Chinese : 胡仙案 )
1820-571: The United States during the second half of the 19th century, Chinese Americans have long used traditional characters. When not providing both, US public notices and signs in Chinese are generally written in traditional characters, more often than in simplified characters. In the past, traditional Chinese was most often encoded on computers using the Big5 standard, which favored traditional characters. However,
1885-534: 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
1950-529: The exchange also implemented a closing auction session to run from 4:00 pm to 4:10 pm, with a similar pricing mechanism as the opening auction; however, this resulted in significant fluctuations in the closing prices of stocks and suspicions of market manipulation . Initially, the exchange proposed limiting price fluctuations in the auction sessions to 2%; in the end, they removed the closing session entirely in March 2009. Up until 2011, trading hours comprised
2015-495: The exchange in 2010; the morning session would then start earlier, run from 9:30 am to 12:00 pm, and the afternoon session from 1:00 pm to 4:00 pm, leaving the closing time the same as before. Justifications included bringing hours into line with China. Reactions from both brokers and the restaurant industry were mixed. On 7 March 2011, the exchange extended its hours in the first of two phases. The morning session now ran from 9:30 am to 12:00 noon, followed by
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2080-599: The family member. As of 1971, Sally Aw's brother, Aw Kow , was also a director of Sin Chew Jit Poh of Singapore and Malaysia ; her brother, Aw Swan, was the general manager of Sin Chew Jit Poh from June 1971 to circa 1972; while her cousin Aw Cheng Taik was the managing director of Singapore Tiger Standard until it was defunct in the 1950s. Widow of Aw Hoe, Chan Sow Yong, also served as an executive of Sing Tao. As of 1961, Sally Aw another brother, Aw It Haw still owned
2145-439: The formation of a unified stock exchange. The Stock Exchange of Hong Kong Limited was incorporated in 1980 and trading on the exchange finally commenced on 2 April 1986. Since 1986, a number of major developments have taken place. The 1987 market crash revealed flaws in the market and led to calls for a complete reform of the Hong Kong securities industry. This led to significant regulatory changes and infrastructural developments. As
2210-493: The inverse is equally true as well. In digital media, many cultural phenomena imported from Hong Kong and Taiwan into mainland China, such as music videos, karaoke videos, subtitled movies, and subtitled dramas, use traditional Chinese characters. In Hong Kong and Macau , traditional characters were retained during the colonial period, while the mainland adopted simplified characters. Simplified characters are contemporaneously used to accommodate immigrants and tourists, often from
2275-861: The late Aw Hoe for about 90% in 1970. In October 1972, it was announced that a subsidiary (provisional Chinese name Chinese : 星島置地 ) was formed to invest in real estate. The group purchased a land lease on 838 Lai Chi Kok Road , Kowloon (New Kowloon Inland Lot No.5567) to build a printing factory and commercial floor area for lease in 1974. In 1977, it was announced that the group had formed its own recording studio and photography processing centre that open to retail customers. According to 1977–78 result announcement, Sing Tao Group had also expanded into travel agency , medical centre and pharmaceutical industry. By 1979, Sing Tao operated their printing and publishing business as Leefung-Asco Printers [ zh ] ), as well as Leefung-Asco's joint venture South China Printing Co., Ltd. Sing Tao also invested 49% stake in
2340-561: The listing of the first China-incorporated enterprise (H share) in June 1993 ( Tsingtao Brewery ); and the introduction of regulated short selling in January 1994 and stock options in September 1995. Furthermore, the exchange introduced the Growth Enterprise Market (GEM) in November 1999 to provide fundraising opportunities for growth companies of all sizes from all industries, and to promote the development of technology industries in
2405-725: The mainland. The increasing use of simplified characters has led to concern among residents regarding protecting what they see as their local heritage. Taiwan has never adopted simplified characters. The use of simplified characters in government documents and educational settings is discouraged by the government of Taiwan. Nevertheless, with sufficient context simplified characters are likely to be successfully read by those used to traditional characters, especially given some previous exposure. Many simplified characters were previously variants that had long been in some use, with systematic stroke simplifications used in folk handwriting since antiquity. Traditional characters were recognized as
2470-752: The major shareholder, Hong Kong banker Cheung Din Youn ( Chinese : 張定遠 , brother of Barry Cheung ) was the chairman and Charles Ho was the honorary chairman and an independent non-executive director. In mid-1999, Sing Tao SC stopped its operation as a football club. The legal entity of the company was used for other business in 2010 as Sing Tao Media Services, by its new owner Sing Tao News Corporation after many years of dormant. In 2000, Sing Tao Holdings re-launched The Standard in tabloid format . In January 2001, Global China Technology Group , majority owned by Charles Ho, acquired approximately 51.36% shares of Sing Tao Holdings from Astral Light Investments Limited,
2535-682: The majority of Chinese text in mainland China are simplified characters , there is no legislation prohibiting the use of traditional Chinese characters, and often traditional Chinese characters remain in use for stylistic and commercial purposes, such as in shopfront displays and advertising. Traditional Chinese characters remain ubiquitous on buildings that predate the promulgation of the current simplification scheme, such as former government buildings, religious buildings, educational institutions, and historical monuments. Traditional Chinese characters continue to be used for ceremonial, cultural, scholarly/academic research, and artistic/decorative purposes. In
2600-469: The meantime, he argues for improved investor representation on the Hong Kong Stock Exchange. In 2007, the uproar by smaller local stockbrokers over the decision by board of directors to cut minimum trading spreads for equities and warrants trading at between 25 HK cents and HK$ 2 caused the new board to vote to reverse the decision. The reforms were to be implemented in the first quarter, but
2665-975: The merging of previously distinct character forms. Many Chinese online newspapers allow users to switch between these character sets. Traditional characters are known by different names throughout the Chinese-speaking world. The government of Taiwan officially refers to traditional Chinese characters as 正體字 ; 正体字 ; zhèngtǐzì ; 'orthodox characters'. This term is also used outside Taiwan to distinguish standard characters, including both simplified, and traditional, from other variants and idiomatic characters . Users of traditional characters elsewhere, as well as those using simplified characters, call traditional characters 繁體字 ; 繁体字 ; fántǐzì ; 'complex characters', 老字 ; lǎozì ; 'old characters', or 全體字 ; 全体字 ; quántǐzì ; 'full characters' to distinguish them from simplified characters. Some argue that since traditional characters are often
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2730-665: The official script in Singapore until 1969, when the government officially adopted Simplified characters. Traditional characters still are widely used in contexts such as in baby and corporation names, advertisements, decorations, official documents and in newspapers. The Chinese Filipino community continues to be one of the most conservative in Southeast Asia regarding simplification. Although major public universities teach in simplified characters, many well-established Chinese schools still use traditional characters. Publications such as
2795-700: The original standard forms, they should not be called 'complex'. Conversely, there is a common objection to the description of traditional characters as 'standard', due to them not being used by a large population of Chinese speakers. Additionally, as the process of Chinese character creation often made many characters more elaborate over time, there is sometimes a hesitation to characterize them as 'traditional'. Some people refer to traditional characters as 'proper characters' ( 正字 ; zhèngzì or 正寫 ; zhèngxiě ) and to simplified characters as 簡筆字 ; 简笔字 ; jiǎnbǐzì ; 'simplified-stroke characters' or 減筆字 ; 减笔字 ; jiǎnbǐzì ; 'reduced-stroke characters', as
2860-434: The predecessors of The Stock Exchange of Hong Kong ( Chinese : 香港聯合交易所 ; lit. 'Hong Kong United Stock Exchange'). The initial public offering price was HK$ 6. Sing Tao's shared was traded in [old] Hong Kong Stock Exchange Limited since 1977. Sing Tao's listing was only few years behind the listing of Haw Par Brothers International , a Singapore company held by Singapore-based branch of Aw family. Moreover,
2925-825: The predominant forms. Simplified characters as codified by the People's Republic of China are predominantly used in mainland China , Malaysia, and Singapore. "Traditional" as such is a retronym applied to non-simplified character sets in the wake of widespread use of simplified characters. Traditional characters are commonly used in Taiwan , Hong Kong , and Macau , as well as in most overseas Chinese communities outside of Southeast Asia. As for non-Chinese languages written using Chinese characters, Japanese kanji include many simplified characters known as shinjitai standardized after World War II, sometimes distinct from their simplified Chinese counterparts . Korean hanja , still used to
2990-415: The publisher of Hong Kong Tiger Standard was changed from "The Tiger Standard Limited" to "Hong Kong Standard Newspapers Limited" circa early 1970s (the latter was incorporated on 28 August 1970). The former was owned by Aw family directly but the latter was a subsidiary of Sing Tao Newspapers Limited in the late 1970s for 55% shares. It was owned by Aw Toke Tone ( Chinese : 胡督東 ), the eldest son of
3055-544: The publisher of Canada edition. In 1998, members of the management team were found guilty of falsifying circulation numbers for The Standard newspaper, to attract advertisers and to raise the revenue of the newspapers. According to a report by the Center for International Media Assistance , the circulation of Sing Tao Daily and most major Beijing-friendly Chinese newspapers with overseas editions were remain unaudited, and therefore vulnerable to exaggeration: Jack Jia, founder of
3120-540: The region. According to the reform plan announced in March 1999, the Exchange, the Hong Kong Futures Exchange and their clearinghouses merged into a new holding company, the Hong Kong Exchanges and Clearing Limited . source: HK Ex The trading day consists of: The closing price is reported as the median of five price snapshots taken from 3:59 to 4:00 pm every 15 seconds. In May 2008,
3185-477: The stock market. The physical trading floor at Exchange Square was closed in October 2017. The Hong Kong securities market can be traced back to 1866, but the stock market was formally set up in 1891, when the Association of Stockbrokers in Hong Kong was established. It was renamed as The Hong Kong Stock Exchange in 1914. By 1972, Hong Kong had four stock exchanges in operation. There were subsequent calls for
3250-452: The system infrastructure, including the launch of off-floor trading terminals in brokers' offices in January 1996. The third generation of the trading system, AMS/3, was launched in 2000. It provides enhanced functionality and a platform for a straight-through transaction process. In respect of market and product development, there is the listing of the first derivative warrant in February 1988,
3315-627: The traditional character set used in Taiwan ( TC ) and the set used in Hong Kong ( HK ). Most Chinese-language webpages now use Unicode for their text. The World Wide Web Consortium (W3C) recommends the use of the language tag zh-Hant to specify webpage content written with traditional characters. In the Japanese writing system , kyujitai are traditional forms, which were simplified to create shinjitai for standardized Japanese use following World War II. Kyūjitai are mostly congruent with
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#17328868252073380-970: The traditional characters in Chinese, save for minor stylistic variation. Characters that are not included in the jōyō kanji list are generally recommended to be printed in their traditional forms, with a few exceptions. Additionally, there are kokuji , which are kanji wholly created in Japan, rather than originally being borrowed from China. In the Korean writing system , hanja —replaced almost entirely by hangul in South Korea and totally replaced in North Korea —are mostly identical with their traditional counterparts, save minor stylistic variations. As with Japanese, there are autochthonous hanja, known as gukja . Traditional Chinese characters are also used by non-Chinese ethnic groups. The Maniq people living in Thailand and Malaysia use Chinese characters to write
3445-412: The transaction, to buy the shares of Sing Tao Media Holdings by offering the shares of Global China Technology Group, in a ratio of 1 to 1.75. The deal making the shareholder of Sing Tao Holdings at that time, would owned the shares of both Shanghai Ming Yuan Holdings (ex-Sing Tao Holdings) and Global China Technology Group if they did not sell the shares before the transactions. The residual assets at
3510-509: The ubiquitous Unicode standard gives equal weight to simplified and traditional Chinese characters, and has become by far the most popular encoding for Chinese-language text. There are various input method editors (IMEs) available for the input of Chinese characters . Many characters, often dialectical variants, are encoded in Unicode but cannot be inputted using certain IMEs, with one example being
3575-571: The words for simplified and reduced are homophonous in Standard Chinese , both pronounced as jiǎn . The modern shapes of traditional Chinese characters first appeared with the emergence of the clerical script during the Han dynasty c. 200 BCE , with the sets of forms and norms more or less stable since the Southern and Northern dynasties period c. the 5th century . Although
3640-452: Was HK$ 630 million (HK$ 705 per gross floor area). It was reported that the consortium had re-sold the land lease to other real estate developer in 1986, which the location was now known as Lippo Sun Plaza, The Sun Arcade and a hotel, The Langham (Hong Kong) . However, less than a year of privatisation, Sing Tao Newspapers Limited was renamed to Sing Tao Limited ( Chinese : 星島有限公司 ); the company started another IPO in 1986 and traded on
3705-554: Was Sing Tao Limited, which was incorporated on 22 October 1951 as Sin Poh Amalgamated (H.K.) Limited . It replaced "Sing Tao Jih Pao Limited" as the parent company of the group, which the latter was incorporated on 29 June 1938. It was renamed to Sing Tao Newspapers Limited on 27 May 1972 and Sing Tao Limited on 13 February 1986. At first, the main business of the company was the publisher of Sing Tao Daily ( Chinese : 星島日報 ) and Sing Tao Wan Pao ( Chinese : 星島晚報 ; lit. 'Sing Tao Evening News'). According to
3770-486: Was an independent non-executive director of Sing Tao Holdings since December 1996, while Tung Chee-hwa also served the same position in the 1980s to the 1990s. It was reported that Tung Chee-hwa was a family friend of Sally Aw. As of 1998, the company was still owned by Sally Aw , the daughter of the founder of Sing Tao Daily for 50.04%. It was reported that Aw agreed to sell 23% shares of the company, to Dublin-listed private equity fund China Enterprise Development Fund for
3835-540: Was criticised by the public by not suing Sally Aw , the chairwoman of Sing Tao Holdings. Chief executive of Hong Kong , Tung Chee-hwa , in the " Report on the key issues during the second year of the Hong Kong Special Administrative Region of the People's Republic of China " made a defence for decision of the Secretary for Justice Elsie Leung . However, Tung Chee-chen , brother of Tung Chee-hwa,
3900-561: Was found in 1993 to replace Jademan Holdings as the listed company) Jademan Holdings was the publisher of another newspaper Tin Tin Daily News . Culturecom Holdings was sold in 1998 to ViaGold Capital [ zh ] . A subsidiary, Sing Tao Newspapers (Canada 1988) Limited, was also turned to a 50–50 joint venture between Sing Tao Holdings and Toronto Star Newspapers Limited in the same year. Toronto Star Newspapers also acquired 75% stake of Canada-incorporated Sing Tao Daily Limited,
3965-399: 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. The predecessor of Sing Tao Holdings as a parent company of Sing Tao Group,
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#17328868252074030-577: Was published in 1938. It also published the English business newspaper The Standard in Hong Kong. Sing Tao also published the evening edition of Sing Tao Daily , known as Sing Tao Wan Pao ( Chinese : 星島晚報 ; lit. 'Singtao Evening News'). The version discontinued in 1996. The company also operates several printing businesses, most notably the South China Printing Company (1988) Limited. Sing Tao Sports Club Limited,
4095-404: Was put back on the table following protests by brokers. Webb criticised the board for caving in to vested interests. Source: HKEX, in billions of Hong Kong dollars, Data updated on 14 February 2018 22°17′03″N 114°09′28″E / 22.28414°N 114.15768°E / 22.28414; 114.15768 Traditional Chinese characters Traditional Chinese characters are
4160-445: Was signed. Ho's grandfather Ho Ying-chie, also filed a bankruptcy petition against Aw in January 1999. According to Ho Ying-chie, he had lent Aw HK$ 270 million. According to a reporter, Cha's listed company Mingly Corporation [ zh ] did announce a deal with Aw to form a new holding company for Sing Tao Holdings in May 1998, but the deal collapsed in June. During Lazard as
4225-442: Was sold to a private company Ming Yuan Investment Group for HK163.8 million (HK$ 0.524 per share). Ming Yuan Investment Group was owned by Yao Yuan ( Chinese : 姚原 ). However, the shares of Sing Tao Media Holdings, a subsidiary of Sing Tao Holdings, were distributed to the shareholders of Sing Tao Holdings before the takeover by Yao. Global China Technology Group offered to the public shareholders of Sing Tao Media Holdings after
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