Sing Tao Holdings
|Traded as||SEHK: 00233|
|Industry||Media and property trading|
|Predecessor||Sing Tao Limited|
|Charles Ho (chairman)|
|Owner||Global China Technology Group (74.5%)|
|Subsidiaries||Sing Tao Limited (100%)|
|Footnotes / references
in consolidated financial statement; financial year 2000–01 ended on 31 March; financial year 2001 ended on 31 December
|Sing Tao Holdings Limited|
|Literal meaning||Singtao Group Limited Company|
|Sing Tao Limited|
|Sing Tao Newspapers Limited|
|Sin Poh Amalgamated (H.K.) Limited|
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 entity 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.
Around 1991, the group also owned a travel agency, a medical centre, a recording studio and a pharmaceutical company.
- 1 History
- 2 Footnotes
- 3 References
- 4 External links
A family-held publisher
The predecessor of Sing Tao Holdings as a parent company of Sing Tao Group, 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; literally: "Sing Tao Evening News").
According to 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 a total of 18 persons. Aw Hoe, 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 a public announcement to renounce his relationship with Aw Swan.
After the death of Aw Boon Haw in 1954, As of 1959[update], 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 the family member. As of 1971[update], 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 1950s. Widow of Aw Hoe, Chan Sow Yong, also served as an executive of Sing Tao.
Aw Toke Tone, son of Aw Hoe, was the managing director of Hong Kong Tiger Standard in 1967.
This section needs expansion. You can help by adding to it. (September 2017)
Initial public offering and diversification
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; literally: "Gold and Silver Stock Exchange") from 1972, the predecessors of The Stock Exchange of Hong Kong (Chinese: 香港聯合交易所; literally: "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, 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 late 1970s for 55% shares. It was owned by Aw Toke Tone (Chinese: 胡督東), the eldest son of 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[nb 1]) was formed to invest in real estate. The group purchased a land lease on 838 Lai Chi Kok Road, Kowloon (New Kowloon Inland Lot N°5567) to build a printing factory and commercial floor area for lease in 1974.[nb 2] In 1977, it was announced that the group had formed its own recording studio[nb 3] and photography processing center[nb 4] that open to retail customers.
According to 1977–78 result announcement, Sing Tao Group had also expanded into travel agency,[nb 5] medical centre[nb 6] and pharmaceutical industry.[nb 7] By 1979, Sing Tao operated their printing and publishing business as Leefung-Asco Printers),[nb 8] as well as Leefung-Asco's joint venture South China Printing Co., Ltd.. Sing Tao also invested 49% stake in a documentary studio Farkas Studios in 1979.
Privatization and second IPO
In 1985, the company was privatized 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.[nb 9]) 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 in order to apply for listing as a replacement of Sing Tao.
Sing Tao and now independent listed company Impala Pacific (ex-Cinclus), via an investment vehicle Scilla Limited,[nb 10] made a high profile purchase on a land lease (Kowloon Inland Lot N°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 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 privatization, 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 newly formed[nb 11] The Stock Exchange of Hong Kong Limited on 19 March of the same year.:32 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 subsidies of Sing Tao Limited, including "Hong Kong Standard Newspapers Limited" which Aw Toke Tone owned a minority stake in late 1970s to 1984.
Sing Tao Holdings
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 privatize 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 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.:36
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.:39 The first edition was published in 1938.
It also published the English business newspaper The Standard in Hong Kong.
Sing Tao Sports Club Limited, 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 1990 Sing Tao Holdings also acquired another listed company Jademan Holdings (a new Bermuda-incorporated parent company Culturecom Holdings 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. 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, the publisher of Canada edition.
Sing Tao management found guilty of fudging circulation numbers
In 1998, members of the management team were found guilty of falsifying circulation numbers for The Standard newspaper, in order 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 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) was criticized 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 defense for decision of the Secretary for Justice Elsie Leung.
However, Tung Chee-chen, brother of Tung Chee-hwa, was an independent non-executive director of Sing Tao Holdings since December 1996, while Tung Chee-hwa also served the same position in 1980s to 1990s. It was reported that Tung Chee-hwa was a family friend of Sally Aw.
Takeover and dismantle
The company was 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 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 also made an attempt to buy Sing Tao, but collapsed. However, Cha denied any formal agreement 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 did announced 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 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.:37
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 January 2001, Global China Technology Group acquired approximately 51.36% shares of Sing Tao Holdings from Astral Light Investments Limited, 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%), 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 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 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.
- No record in Hong Kong Companies Registry, the database of Hong Kong companies that have legal Chinese name and English name
- The location was sold by Sing Tao on unknown date and re-developed in 1997.
- Sing Tao Pansonic Limited (Chinese: 星島全音有限公司), from 1987 known as Silver Planet Records (Chinese: 銀星唱片) and lastly "Sing Tao Planet" in 1998; dissolved in 2005; unknown date of disposal by Sing Tao, but still listed as a Sing Tao subsidiary in 1991.
- Chinese: 星島彩色沖印中心
- At that time as unincorporated entity namely: Chinese: 星島旅遊部; according to a obituary, the department was founded in 1972; in 1991 the department was known as "Sing Tao Tours Limited".
- Sing Tao Medical Centre Limited (Chinese: 星島保健中心有限公司); renamed to PathLab Medical Laboratory (Chinese: 栢立醫學化驗所) in 1992; unknown date of disposal by Sing Tao
- Announced as Chinese: 新科(香港)有限公司; Jyutping: san1 fo1 (hoeng1 gong2) jau5 haan6 gung1 si1, but no record in Hong Kong Company Registry; another company Synco (H.K.) Limited (Chinese: 新科製藥有限公司; Jyutping: san1 fo1 zai3 joek6 jau5 haan6 gung1 si1) was listed as a subsidiary of Sing Tao Limited in 1991; unknown date of disposal by Sing Tao
- Official legal Chinese name Chinese: 利豐雅高印刷 was added in 1990; was a listed company between 1991 to 2006; unknown date of disposal by Sing Tao
- Cinclus was a subsidiary of Sing Tao but was agreed to sell to another listed company Ariadne Australia in 1985 by Sally Aw and her family member, the largest shareholder of Cinclus (78%) after the privatization of Sing Tao Newspapers Limited, for HK$2.06 per share; Cinclus agreed to acquire 49% stake of Energy and Environmental Research Co. from Impala Securities in an all-share deal that year (Ariadne Australia was owned 40% stake of Impala Securities); Cinclus was renamed to Impala Pacific in October 1985; it was a Hong Kong-listed company circa 1985 to 1989; Impala Securities became a subsidiary of Impala Pacific during that period.
- Scilla Limited was renamed by the new Japanese owner as Sunyou Intercontinental (H.K.) Limited in November 1986 and was dissolved in 2006
- The stock exchange was formally started its operation on 2 April 1986, but the stock exchanges of Hong Kong had a link-mechanism before that date.
- One source listed the company was acquired in 1997:35 but another source stated South China Printing Company (1988) Limited's parent company was Sing Tao Limited in 1991.
- "2000–01 Annual Report". Sing Tao Holdings. 9 August 2001. Retrieved 2 October 2017.
- "2001 Annual Report". Sing Tao Holdings. 9 May 2002. Retrieved 2 October 2017 – via Hong Kong Exchange and Clearing Limited.
- generated by https://www.chineseconverter.com
- Major Companies of The Far East and Australasia 1991/92: Volume 2: East Asia. London: Graham Trotman. p. 77. ISBN 185333605X – via Google Book preview.
- Filings in Hong Kong Companies Registry
- 1952 Annual Return of Sin Poh Amalgamated (H.K.) Limited. Hong Kong Company Registries. 30 December 1952.
- "胡好一行人仍無消息". Nanyang Siang Pau (in Chinese). Singapore. 21 January 1951. Retrieved 6 October 2017 – via Singapore National Library.
- "The Aw family". New Nation. Singapore. 23 July 1971. Retrieved 6 October 2017 – via Singapore National Library.
- Written at Hong Kong. "胡文虎與胡山脫離關係 指其子用乃父名義向外借款". Nanyang Siang Pau (in Chinese). Singapore. 14 October 1952 [Written on 13 October 1952]. Retrieved 7 October 2017 – via Singapore National Library.
- "胡文虎登報聲明 與胡山脫離父子關係". Nanyang Siang Pau (in Chinese). Singapore. 17 October 1952. Retrieved 7 October 2017 – via Singapore National Library.
- "胡清才由星來參加崇僑開幕典禮". Wah Kiu Yat Po (in Chinese). Hong Kong. 21 May 1959. p. 7 – via Hong Kong Public Libraries.
- "新聞人物胡一虎接見記者". Ta Kung Pao (in Chinese). Hong Kong. 24 October 1961. p. 6 – via Hong Kong Public Libraries.
- "Still a director". New Nation. Singapore. 28 July 1971. Retrieved 8 October 2017 – via Singapore National Library.
- "Sin Chew journalist made general manager". The Straits Times. Singapore. 1 December 1972. Retrieved 7 October 2017 – via Singapore National Library.
- "The University Bulletin" (PDF) (in Chinese and English). 3 (7). The Chinese University of Hong Kong. February 1967. Retrieved 8 October 2017.
- "星島報業股票上市". Wah Kiu Yat Po (in Chinese). Hong Kong. 27 June 1972. p. 12 – via Hong Kong Public Libraries.
- "星島報業港會掛牌". The Kung Sheung Evening News (in Chinese). Hong Kong. 29 January 1977. p. 6 – via Hong Kong Public Libraries.
- "Shares slightly off on last sales". The Straits Times. Singapore. 12 November 1969. Retrieved 8 October 2017 – via Singapore National Library.
- 1949 Annual Return of The Tiger Standard Limited. Hong Kong Company Registries. 17 March 1949.
- 1955 Annual Return of The Tiger Standard Limited. Hong Kong Company Registries. 29 November 1955.
- 1971 Annual Return of The Tiger Standard Limited. Hong Kong Company Registries. 15 February 1971.
- 1972 Annual Return of The Tiger Standard Limited. Hong Kong Company Registries. 5 January 1972.
- 1979 Annual Return of Hong Kong Standard Newspapers Limited. Hong Kong Company Registries. 24 December 1979.
- 1984 Annual Return of Hong Kong Standard Newspapers Limited. Hong Kong Company Registries. 8 December 1984.
- 1970 Annual Return of Hong Kong Standard Newspapers Limited. Hong Kong Company Registries. 31 December 1970.
- 1972 Annual Return of The Tiger Standard Limited. Hong Kong Company Registries. 29 December 1972.
- "星島報業宣佈增發中期息". Wah Kiu Yat Po (in Chinese). Hong Kong. 20 October 1972. p. 8 – via Hong Kong Public Libraries.
- "Index of Streets, House Numbers and Lots" (PDF) (49th ed.). Land Registry of Hog Kong Government. 6 April 2017. Retrieved 2 October 2017.
- "星島報業獲利千四百萬". Wah Kiu Yat Po (in Chinese). Hong Kong. 29 June 1974. p. 10 – via Hong Kong Public Libraries.
- "勵豐中心全幢放售". Apple Daily (in Chinese). Hong Kong: Next Media. 8 November 2002. Retrieved 2 October 2017.
- "星島報業有限公司宣佈去年純利一千五百餘萬". Wah Kiu Yat Po (in Chinese). Hong Kong. 11 June 1977. p. 10 – via Hong Kong Public Libraries.
- "本報作家遲寶倫逝於東莞". Sing Tao Daily (Canada) (in Chinese). Vancouver. 23 April 1992. Retrieved 2 October 2017.
- "About Pathlab". PathLab Medical Laboratories. Retrieved 2 October 2017.
- "星島報業有限公司去年集團盈利千八萬". Wah Kiu Yat Po (in Chinese). Hong Kong. 24 June 1978. p. 10 – via Hong Kong Public Libraries.
- "Toppan Leefung (Hong Kong) Limited". Toppan Leefung Pte. Limited. Retrieved 2 October 2017.
- 盈偉 (5 July 1979). "星島報業經營的多元化". The Kung Sheung Daily News (in Chinese). Hong Kong. p. 4 – via Hong Kong Public Libraries.
- "星島報業與澳洲一公司達成協議 現金收購星島報業全部已發股份". Wah Kiu Yat Po (in Chinese). Hong Kong. 24 May 1985. p. 19 – via Hong Kong Public Libraries.
- "尖沙咀廣東道地王六億三千多萬成交 買主星島報業與澳洲資金財團合組公司 顯示地產商人對未來市道看好". Ta Kung Pao (in Chinese). Hong Kong. 25 October 1985. p. 4 – via Hong Kong Public Libraries.
- "Judge, Aw Sian to sell Scilla venture". The Sydney Morning Herald. 14 August 1986. p. 23.
- "List of Consents to Sell, Consents to Assign and Approvals of Deeds of Mutual Covenant issued from 01/07/1990 to 31/12/1993" (PDF). Lands Department of Hong Kong Government. Retrieved 2 October 2017.
- "星島新股獲超額認購". Ta Kung Pao (in Chinese). Hong Kong. 4 March 1986. p. 13 – via Hong Kong Public Libraries.
- "Investment Service Centre: MY MEDICARE (233)". Hong Kong Stock Exchange. Retrieved 2 October 2017.
- Fung, Anthony Y. H. (2015). "媒體競爭、擁有權及政治過渡". In Lee, Paul S.N. 香港傳媒新世紀 (in Chinese) (2nd ed.). Hong Kong: The Chinese University Press. ISBN 9789629966683 – via Google Book preview.
- "星島報業安排重新上市計劃". Wah Kiu Yat Po (in Chinese). Hong Kong. 7 January 1986. p. 18 – via Hong Kong Public Libraries.
- "1985–86 Annual Report of Cereus Australia Limited" (microfiche). Annual report file. Sydney: Australian Graduate School of Management. 1986 [circa]. ISSN 0314-8491 – via State Library of Western Australia collection.
- "星島集團宣佈業績增長". Wah Kiu Yat Po (in Chinese). Hong Kong. 12 December 1987. p. 7 – via Hong Kong Public Libraries.
- 1984 Annual Return of Hong Kong Standard Newspapers Limited. Hong Kong Company Registries. 8 December 1984.
- Quinn, Harry (15 May 1989). "Australia: Asian Investors Predominate". Asian Finance. Hong Kong. 15(5): 40. ISSN 1010-4143 – via ProQuest.
- 丁, 潔. 《華僑日報》與香港華人社會(1925-1995) (in Chinese). Hong Kong: Joint Publishing. p. 25 – via Google Book preview.
- 1968 Annual Return of Sing Tao Sports Club Limited. Hong Kong Companies Registry. 27 December 1968.
- 1994 Annual Return of Sing Tao Sports Club Limited. Hong Kong Companies Registry. 27 September 1994.
- "Announcement" (Press release). Sing Tao Holdings. 13 April 1999. Retrieved 2 October 2017 – via Hong Kong Stock Exchange.
- "SING TAO DAILY ADVERTISING TERMS & CONDITIONS" (PDF). Sing Tao Newspapers (Canada 1988) Limited. 1 January 2015. Retrieved 3 October 2017.
- Mungan, Christina (16 December 1998). "Sally Aw Finds Buyer for 23% of Sing Tao". The Wall Street Journal. Hong Kong. Retrieved 1 October 2017 – via UWA Library's ProQuest subscription.
- Cook, Sarah (22 October 2013). "The Long Shadow of Chinese Censorship: How the Communist Party’s Media Restrictions Affect News Outlets Around the World" (PDF). Center for International Media Assistancee. p. 36. Archived from the original (PDF) on 9 February 2014. Retrieved 1 October 2017.
- "The Rule of Law". HKSAR - The key Issues 1998/99. Hong Kong Government. June 1999. Retrieved 1 October 2017.
- "阿里巴巴委董建華任獨董". Ming Pao (in Chinese). Hong Kong: Media Chinese International. 17 June 2014. Retrieved 2 October 2017.
- "Former DPP Grenville Cross reveals split over Sally Aw Sian prosecution". South China Morning Post. Hong Kong. 17 November 2013. Retrieved 2 October 2017.
- Mungan, Christina (16 December 1998). Written at Hong Kong. "Dublin-Listed Fund Is Buying 23% Stake in Sing Tao Holdings". The Wall Street Journal. Brussels – via UWA Library's ProQuest subscription.
- "CEDF seeks alternate route to Sing Tao stake". South China Morning Post. Hong Kong. 20 February 1999. Retrieved 2 October 2017.
- Mungan, Christina (24 March 1999). Written at Hong Kong. "Sing Tao's Aw Agrees to Sell Off Her Controlling Stake to Lazard". The Wall Street Journal. New York City.
- Mungan, Christina (24 March 1999). Written at Hong Kong. "Sally Aw to sell stake in Sing Tao". The Globe and Mail. Toronto – via Factiva.
- "Lazard's Sale of Sing Tao Holdings Proved Some of Its Skeptics Wrong". The Wall Street Journal. 11 January 2001. Retrieved 30 September 2017 – via UWA Library's ProQuest subscription.
- Rahul Jacob (25 March 1999). Written at Hong Kong. "Lazard Asia to buy HK publishing group". Financial Times. London – via Factiva.
- "何柱國「聲援」蔡衍明 指查購星島「說做不做」". Headline Daily (in Chinese). Hong Kong: Sing Tao News Corporation. 9 March 2010. Retrieved 2 October 2017.
- "亞視股東風波查懋聲認曾簽保密協議擬收購《星島》". Apple Daily (in Chinese). Hong Kong: Next Media. 10 March 2010. Retrieved 2 October 2017.
- "誤信查購星島 被何伯教訓". Sing Tao Daily (Canada) (in Chinese). Vancouver. 9 March 2010. Retrieved 2 October 2017.
- I.N. (5 June 2000). "Hong Kong Gets a Tabloid". Time. Retrieved 30 September 2017.
- "Announcement & Resumption of Trading" (Microsoft Word). Global China Technology Group. 9 January 2001. Retrieved 30 September 2017 – via Hong Kong Exchange and Clearing Limited.
- "Joint Announcement" (PDF). Sing Tao Holdings c/o Global China Technology Group. 25 January 2002. Retrieved 1 October 2017.
- "星島完成出售印刷業務". Sing Tao Daily (in Chinese). Sing Tao Holdings. 20 April 2002. Retrieved 1 October 2017.
- "星島售印刷業務袋4.28億". Apple Daily (in Chinese). Next Media. 28 January 2002. Retrieved 1 October 2017.
- "Circular (Disclosable Transaction, Disposal of 74.5% Interests in Sing Tao Holdings Limited)" (PDF). Global China Technology Group. 2 August 2002. Retrieved 30 September 2017 – via Hong Kong Exchange and Clearing Limited.
- "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)" (PDF). Global China Technology Group. 2 September 2002. Retrieved 30 September 2017 – via Hong Kong Exchange and Clearing Limited.
- "2002 Annual Report". Shanghai Ming Yuan Holdings. 7 May 2003. Retrieved 2 October 2017.