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Charles Ho Completes Sale of 250M SING TAO Shrs, Resigns as Chair, Exec Director

AAStocks ·  {{timeTz}}

SING TAO (01105.HK) announced that the former controlling shareholder HO Tsu Kwok, Charles entered into a supplemental agreement with the Purchaser KWOK Hiu Ting, pursuant to which the parties agreed to adjust the number of the Sale Shares from 246 million to 250 million and the total consideration from HK$369 million to HK$375 million, with the price remaining at HK$1.5 per share.

The disposal took place on 3 June.

Equally, Ho has resigned as an executive Director, the chairman of the Board and in his respective position in the board committee of the Company.

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