Chief Executive-designate Tung Chee-hwa was a director of Sing Tao Holdings over the period when staff were allegedly inflating circulation figures.
His brother Tung Chee-chen replaced him on December 27 after he resigned on October 18 to enter the leadership race. The Tung family is beneficially interested in 68,280 shares worth $204,840 - a 0.02 per cent stake.
Its involvement in the newspaper company goes back to December 1975 when the Tungs' father, shipping magnate C. Y. Tung, was appointed to the board of directors.
Tung Chee-hwa, one of three independent non-executive directors, held the post for more than a decade.
A Sing Tao insider said: 'Mr Tung was not engaged in any day to day operation of Sing Tao. He just gave independent advice.'
