Sing Tao says talks with potential buyer disrupted by pandemic

Business | 5 Jun 2020 7:09 pm

Sing Tao News Corporation (1105) said the talks with a potential purchaser of the company were disrupted by the coronavirus pandemic and more time is required than originally expected on the regulatory clearance.

The company previously said its chairman and controlling shareholder Charles Ho Tsu-kwok was in early discussion with a potential purchaser and has not yet entered any formal or legal agreement to sell a stake in the media company.

The potential purchaser and its professional advisers have continued to conduct due diligence review on the media group, which mainly includes review of its updated business and corporate information and data, according to a statement by Sing Tao.

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