collapsed in June. During Lazard as the major shareholder, Hong Kong banker Cheung Din Youn (, brother of Barry Cheung) was the chairman and Charles Ho was the honorary chairman and an independent non-executive director. In mid-1999, Sing Tao SC stopped its operation as a football club. The legal entity of the company was used for other business in 2010 as Sing Tao Media Services, by its new owner Sing Tao News Corporation after many years of dormant. In 2000, Sing Tao Holdings re-launched The Standard in tabloid format. In January 2001, Global China Technology Group, majority owned by Charles Ho, acquired approximately 51.36% shares of Sing Tao Holdings from Astral Light Investments Limited, a subsidiary of Lazard Asia Fund A, L.P., for HK355.6 million (HK$1.65 per share). In January 2002 South China Printing, Noble World Printing, Roman Financial Press, Valiant Packaging Holdings and their subsidiaries were sold from Sing Tao Holdings to Asia Printers Group for HK$428 million; Asia Printers Group was owned by CVC Capital Partners and Citigroup. In August 2002 the shares of Sing Tao Holdings that held by Global China Technology Group (74.5%), was sold to a private company Ming Yuan Investment Group for HK163.8 million (HK$0.524 per share). Ming Yuan Investment Group was owned by Yao Yuan (). However, the shares of Sing Tao Media Holdings, a subsidiary of Sing Tao Holdings, were distributed to the shareholders of Sing Tao Holdings before the takeover by Yao. Global China Technology Group offered to the public shareholders of Sing Tao Media Holdings after the transaction, to buy the shares of Sing Tao Media Holdings by offering the shares of Global China Technology Group, in a ratio of 1 to 1.75. The deal making the shareholder of Sing Tao Holdings at that time, would owned the shares of both Shanghai Ming Yuan Holdings (ex-Sing Tao Holdings) and Global China Technology Group if they did not sell the shares before the transactions. The residual assets at the 2002 takeover was mainly property investment such as properties in Saba Road, Richmond, British Columbia and in Wyndham Place, Hong Kong. However, it excluded Colony Hotel in Toronto. Footnotes References Companies formerly listed on the Hong Kong Stock Exchange Holding companies of Hong Kong Holding companies of Bermuda Defunct companies of Hong Kong Defunct companies of Bermuda Newspaper companies of Hong Kong Conglomerate companies of Hong Kong Real estate companies of Hong