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Hong KongLaw and Crime

Low-profile businessman running Hong Kong newspaper hits the headlines over alleged fraud case

Gu Zhuoheng has interests in mining and fund management; he was appointed Sing Pao chairman in October 2014

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Sing Pao boss Gu Zhuoheng has hit the headlines in recent days. Photo: SCMP Pictures
Ng Kang-chung,Danny Mok,Ernest KaoandOwen Fung

A low-profile businessman involved in mining and fund management on the mainland, Gu Zhuoheng became chairman and an executive director of Sing Pao Media Enterprises, the parent company of the newspaper, in October 2014.

In a statement at the time, the company said Gu “graduated from the Distance Learning Collage [sic] of the Party School of the Central Committee of the Communist Party of China, majoring in legal studies”.

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Gu was described as “a successful businessman with substantial investments in various sectors”, including mining and fund and property management both on the mainland and in Hong Kong.

The statement also said Gu ran a number of mines on the mainland, but did not give details.

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Gu attracted media attention in July last year after Sing Pao Daily News was forced to suspend its print edition for 20 days because it failed to pay its printing expenses amid financial problems at Sing Pao Media Enterprises.

Staff published the newspaper’s content online and on its mobile app. Publication resumed in early August last year.

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