Interlocals presents an overview of developments in Hong Kong's competitive newspaper marketplace:
In terms of capital and ownership structures, the biggest change is about Ming Pao. Ming Pao Ltd is going to merge with two listed companies in Malaysia, Sinchew and Nanyang. But the plan is not yet implemented. According to this plan, Sinchew and Nanyang, no longer listed in Malaysia, will be owned by Ming Pao. Ming Pao might be listed in the stock markets of Hong Kong and Malaysia.
This is the media empire of Tiong Hiew King. As the biggest shareholder of Sinchew, he acquired 20.02% of Nanyang from Malaysian Chinese Association in October. Now the biggest Chinese newspapers are already owned by him. Now with his ownership of Ming Pao, he further integrates the two media groups in Malaysia into it. His business widely covers the Chinese communities in Malaysia, Hong Kong, US and Canada. But Ming Pao does not make much improvement in revenue and profit. Perhaps, after merger and acquisition, Tiong will make something news.