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1105 - Sing Tao News News Story

HK$0.88 0.0  0.0%

Last Trade - 1:00am

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £72.1m
Enterprise Value £14.0m
Revenue £76.8m
Position in Universe 3779th / 6094

BUZZ-HK's Sing Tao News hits 5-month high; top stakeholder sells stake at premium

Wed 3rd February, 2021 6:32am
** Sing Tao News Corp Ltd  1105.HK  soars as much as 53.8%
to HK$1.40, their highest since Sept. 1, after shares resume
trading
    ** Stock, last up 20.9%, is poised for its best session
since March 23; among the 30 biggest percentage gainers on the
Hong Kong bourse 
    ** Newspapers and magazines publisher says its controlling
shareholder and chairman Charles Ho has agreed to sell 28% of
the company to a third party Kwok Hiu Tin for HK$369.8 mln
($47.7 mln)  urn:newsml:reuters.com:*:nFWN2K81FG
    ** Says Charles Ho will sell 246.55 mln shares to Kwok at
HK$1.50 each, which implies a 64.8% premium to stock's close on
Jan. 28 after which shares were halted for trading 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
edges down 0.01%, while the benchmark index  .HSI  slips 0.3%
    
    ($1 = 7.7512 Hong Kong dollars)
    

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)
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