Sing Tao, buyer in talks over alternative for possible dealSing Tao News Corporation (1105) and its potential buyer have requested and the regulatory authority has granted the withdrawal of the notice for obtaining the regulatory clearance, the publisher said in the morning. Sing Tao is the parent company of The Standard. Chairman Charles Ho Tsu-kwok and the potential purchaser are deliberating about a possible alternative structure of the possible transaction which will not require the regulatory clearance in light of the withdrawal. The due diligence review on the Sing Tao conducted by the potential purchaser and its professional advisers remains ongoing, it said. Shares of Sing Tao fell by 3.54 percent to HK$1.09 as of 1:33 pm.

Source: The Standard October 22, 2020 06:00 UTC