generation relatives (total 310 shares held by 9 persons), for a total of 18 persons. , son of Aw Boon Haw, who helped the family to found Sing Tao Daily, died in January 1951 due to a plane crash. The shareholder structure also making other newspapers that founded by Aw family in other city, did not have any relation with each other as parent company and subsidiary. Sally Aw also replaced his foster brother Aw Swan as the head of Sing Tao Daily in mid-1952, as Aw Swan allegedly borrow money by using his foster father's name without his consent. Aw Boon Haw even made a public announcement to renounce his relationship with Aw Swan. After the death of Aw Boon Haw in 1954, , Aw Cheng Chye, eldest son of Aw Boon Haw's brother Aw Boon Par (b.1888, d.1944), was the general manager of Singapore-based Eng Aun Tong, the maker of Tiger Balm, while Sally Aw, became the head of Sin Poh Amalgamated (H.K.) Limited, which she was the largest shareholder among the family member. , Sally Aw's brother, Aw Kow, was also a director of Sin Chew Jit Poh of Singapore and Malaysia; her brother, Aw Swan, was the general manager of Sin Chew Jit Poh from June 1971 to circa 1972; while her cousin Aw Cheng Taik was the managing director of Singapore Tiger Standard until it was defunct in the 1950s. Widow of Aw Hoe, Chan Sow Yong, also served as an executive of Sing Tao. , Sally Aw another brother, Aw It Haw still owned a minority stake in Sin Poh Amalgamated (H.K.), and also served as a director. Aw Toke Tone, son of Aw Hoe, was the managing director of Hong Kong Tiger Standard in 1967. Initial public offering and diversification The shares of Sing Tao Newspapers Limited () was once traded in Far East Exchange () and Kam Ngan Stock Exchange () from 1972, the predecessors of The Stock Exchange of Hong Kong (). The initial public offering price was HK$6. Sing Tao's shared was traded in [old] Hong Kong Stock Exchange Limited since 1977. Sing Tao's listing was only few years behind the listing of Haw Par Brothers International, a Singapore company held by Singapore-based branch of Aw family. Moreover, the publisher of Hong Kong Tiger Standard was changed from "The Tiger Standard Limited" to "Hong Kong Standard Newspapers Limited" circa early