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September 03, 2015 12:13 PM ET

Media

Company Overview of Sing Pao Media Enterprises Limited

Company Overview

Sing Pao Media Enterprises Limited, an investment holding company, engages in the publication of newspapers in Hong Kong. It is also involved in holding property, plant, and equipment; Website holding; and provision of management, and advertising and promotion services. The company was formerly known as SMI Publishing Group Limited and changed its name to Sing Pao Media Enterprises Limited in May 2012. Sing Pao Media Enterprises Limited is headquartered in Kwun Tong, Hong Kong.

United Overseas Plaza

8th Floor

11 Lai Yip Street

Kwun Tong,  

Hong Kong

133 Employees

Key Executives for Sing Pao Media Enterprises Limited

Vice Chairman, Managing Director and Compliance Officer
Age: 55
Chairman
Chief Financial Officer and Qualified Accountant
Age: 45
Chief Executive Editor of Sing Pao Daily News
Age: 63
Second Vice Chairman
Age: 56
Compensation as of Fiscal Year 2015.

Sing Pao Media Enterprises Limited Key Developments

Sing Pao Media Enterprises Limited Announces Resignation of Leung King Pak as Independent Non-Executive Director

The board of directors of Sing Pao Media Enterprises Limited announced that Mr. Leung King Pak has tendered his resignation as an Independent Non-Executive Director of the company, as well as a committee member each of the audit committee, the remuneration committee and the nomination committee of the company with effect from 29 June 2015.

Sing Pao Media Enterprises Limited Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended December 31, 2014

Sing Pao Media Enterprises Limited announced unaudited consolidated earnings results for third quarter and nine months ended December 31, 2014. For the quarter, the company reported turnover of HKD 12,054,000, loss before income tax of HKD 13,383,000, loss and total comprehensive loss attributable to owners of the company of HKD 13,383,000 or 0.67 cents per basic and diluted share compared to turnover of HKD 18,232,000, loss before income tax of HKD 939,000, loss and total comprehensive loss attributable to owners of the company of HKD 939,000 or 0.05 cents per basic and diluted share for the same quarter a year ago. For the nine months, the company reported turnover of HKD 28,814,000, loss before income tax of HKD 66,928,000, loss and total comprehensive loss attributable to owners of the company of HKD 66,928,000 or 3.39 cents per basic and diluted share compared to turnover of HKD 50,037,000, loss before income tax of HKD 6,742,000, loss and total comprehensive loss attributable to owners of the company of HKD 6,742,000 or 0.34 cents per basic and diluted share for the same period a year ago. The decrease in revenue was due to (i) the discontinued cooperation with a major customer from PRC (the "Major Customer"); and (ii) change in contract terms with newspaper distributor. The increase in loss was mainly due to the decrease in revenue, the increase in the cost of sales and the impairment loss on trade and other receivables.

Sing Pao Media Enterprises Limited Announces Executive Changes, Effective from February 13, 2015

The board of directors of Sing Pao Media Enterprises Limited announced that with effect from 13 February 2015, Mr. Hwa Guo Wai, Godwin and Mr. Kevin Michael Murphy have resigned as executive directors of the company in order to devote more time on their other business commitments and Mr. Wong Wai Kwok has resigned as independent non-executive director and a member of audit committee of the company.

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