Malaysia: media merger to form global Chinese conglomerate
Posted by Jean Yves Chainon on January 30, 2007 at 1:37 PM
Malaysian media tycoon Tiong Hiew King is making a bid to merge his three Chinese-language publishing groups in Malaysia and Hong Kong, to form one of the world’s largest Chinese media groups.
Tiong's Sin Chew Media Corp. and Nanyang Press Holdings, based in Malaysia, will be merged with Hong Kong-based Ming Pao Enterprise Corp.
The merger will "create a global Chinese language media group which the directors believe will emerge as one of the largest Chinese language print media platforms," said a representative from Sin Chew in an announcement to Malaysia's bourse.
It will also enable the group to effectively expand into the Chinese and global markets. By April 30, the individual companies will all be placed under the Ming Pao name on the stock market.
Sin Chew publishes Malaysia’s most widely circulated daily, Sin Chew Daily, and Nanyang publishes the country’s oldest Chinese-language daily, Nanyang Siang Pau.
Ming Pao’s titles include the Ming Pao Daily News, which is distributed in Hong Kong, Toronto, Vancouver, New York and San Francisco.
Source: AFP mail
The merger will "create a global Chinese language media group which the directors believe will emerge as one of the largest Chinese language print media platforms," said a representative from Sin Chew in an announcement to Malaysia's bourse.
It will also enable the group to effectively expand into the Chinese and global markets. By April 30, the individual companies will all be placed under the Ming Pao name on the stock market.
Sin Chew publishes Malaysia’s most widely circulated daily, Sin Chew Daily, and Nanyang publishes the country’s oldest Chinese-language daily, Nanyang Siang Pau.
Ming Pao’s titles include the Ming Pao Daily News, which is distributed in Hong Kong, Toronto, Vancouver, New York and San Francisco.
Source: AFP mail
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