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.[5]
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.[6][7]
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.[7][8]
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[9] 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.[10] 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.[11][12][13]
