Sing Tao Holdings Ltd. (星島報業集團) is a newspaper publishing and commercial printing company based in Hong Kong. The company is listed on the Hong Kong Stock Exchange (HKSE: 233).
The company publishes the Sing Tao Daily, the oldest existing Chinese language daily newspaper in Hong Kong - founded in 1938, which is also published in 9 major cities in Asia, Australia, Europe and North America. It also publishes the English business newspaper The Standard in Hong Kong, and the property supplement Property Browser.
The company also operates several printing businesses including South China Printing.
This enterprise is owned by SingTao News Corporation Limited, a firm owning a great diversity of businesses including media publications, human capital management and Broadband service.
The Chairman of SingTao News Corporation Limited is Ho Tsu Kwok, Charles (何柱國).
Although the SingTao Newspaper Group Limited is based in Hong Kong, it has offices in major cities across the globe including New York, Los Angeles, San Francisco, Washington, Toronto, Vancouver etc. Today, the Group employs more than 2000 staff employees.
In Jan-02, we criticised South China Holdings for its unlisted dividends in specie, and warned that the logical extreme was to distribute the bulk of the assets as an unlisted company.
In Jan-02, we criticised South China HoldingsLtd for spewing out unlisted shares in its subsidiaries as dividends in specie, in effect a form of creeping delisting.
So far, in the case we highlighted, Jinchang Pharmaceuticals HoldingsLtd has yet to be listed anywhere and shareholders are left holding unlisted stock in a company which is not subject to the Listing Rules.
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