Sing Tao may face another change in ownership

Rumours are rife that Sing Tao Holdings may be sold yet again.

StockHouse LogoFollowing the sale of the 60-year old Sing Pao newspaper, Hong Kong's print media industry is once again rife with rumours of a possible ownership change at another old-time newspaper entity, Sing Tao Holdings 233. For the latter, it would mean the second change of control in less than two years if the alleged sale proposal turns into reality.

Though the controlling shareholder, investment fund Lazard Asia, has rejected suggestions that it has made a decision to sell its 51.3% stake, such a possibility is not unlikely given the investment group's company healing and dealing philosophy. It is more a question of when, than if, the sale will happen.

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