Sing Tao | South China Morning Post
  • Mon
  • Apr 13, 2015
  • Updated: 10:09pm

Sing Tao

PUBLISHED : Friday, 09 May, 1997, 12:00am
UPDATED : Friday, 09 May, 1997, 12:00am
 

Publishing company Sing Tao ended sharply lower yesterday after the company's controlling shareholders refuted talk they were selling out to a Malaysian concern.


The shares, suspended from trade on Wednesday pending a statement, ended 6.58 per cent lower at $3.55.


On Tuesday, they had jumped 11.8 per cent to $3.80 on speculation Malaysian firm Hong Leong Group would take control in a deal said to be worth $4.23 a share.


Sing Tao publishes the Sing Tao Daily and the English-language Hong Kong Standard.


Newspaper publisher Culturecom, in which Sing Tao holds a 43 per cent stake, also dropped, ending 5.56 per cent weaker at 34 cents after surging 14 cents on Wednesday.


Culturecom publishes the Chinese-language newspaper Tin Tin Daily News.


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