Sing Tao News Corporation names new director for two newspaper brands

Sing Tao News Corporation has reportedly named the new director for Sing Tao Daily and Headline Daily, while it has also appointed the new editor-in-chief for Sing Tao Daily, Headline Daily and The Standard. 

Multiple reports including Ming Paoand HK01 said executive director Cai Jin will take the helm of Sing Tao Daily and Headline Daily. He will be responsible for the "overall work" of two newspapers. Meanwhile, the business has also appointed Ivan Tong as the new editor-in-chief for three newspapers including Sing Tao Daily, Headline Daily and The Standard. Also, East Week's president and editor-in-chief Regina Kwan has departed the company due to personal reasons. 

In September, former Sing Tao News Corporation's executive director and chief executive officer Siu Sai-wo left the company. In a statement, Sing Tao said Siu's resignation was effective from 2 October as he had decided to devote more time to his personal endeavours. However, according to HK01, Siu left the company to join TVB as management and was expected to take up his new position on 4 October. The same report also said that at an event, Siu told reporters that there will be a statement later and he described Sing Tao as a "good company" and was looking for changes with no further explanation.

Siu confirmed to the board of Sing Tao that he did not have any disagreement with the board, and there were no other matters with respect to his resignation that needed to be brought to the attention of the shareholders of the company or the Stock Exchange. Siu joined Sing Tao in 1999 and became chief executive officer in 2013.

Meanwhile, Sing Tao has appointed current executive director and vice chairman of the board Kwok Hiu-ting as co-chief executive officer effective from 2 October. Sing Tao's management has seen several changes beginning of this year. In February, former Sing Tao News Corporation chairman and major shareholder Charles Ho Tsu-kwok sold a 28% equity in the company to Kwok Hiu-ting, vice chairwoman and executive director of Chinese property management firm Kaisa Prosperity for HK$370 million. Kwok is the daughter of Kwok Ying-shing, chairman of Kaisa Prosperity. The transaction was completed in June and Kwok Hiu-ting became the major share holder of Sing Tao News Corporation. Her father Kwok Ying-shing is the company's chairman.

Related articles
TVB confirms Sing Tao CEO's appointment, promotes Eric Tsang to handle content operations
Sing Tao News Corporation CEO of eight years Siu Sai-wo exits firm
US edition of Sing Tao told to register as foreign agent