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Sin Poh (Star News) Amalgamated

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Not to be confused with Sin Poh Amalgamated, sister company owned by other member of Aw family.

Sin Poh (Star News) Amalgamated
FormerlySin Poh (Star News) Amalgamated (Private) Limited
Company typePrivate company
IndustryNewspaper publishing
Founded1941
FounderAw Boon Haw
Defunct1980s
Fate
  • Dissolved – members' voluntary winding up[1]
  • main business sold in 1975 to 1982
Successor
Headquarters
Singapore
Area served
  • Singapore
  • Malaysia
Products
OwnerAw family
SubsidiariesSin Poh (Star News) Amalgamated (Malaysia)
Chinese name
Traditional Chinese星系報業有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinXīngxì bàoyè yǒuxiàn gōngsī
Yue: Cantonese
Jyutpingsing1 hai6 bou3 jip6 jau5 haan6 gung1 si1

Sin Poh (Star News) Amalgamated Limited was a Singapore publisher, which published Sin Chew Jit Poh (Chinese: 星洲日報) in Singapore and Malaysia, as well as Sin Pin Jit Poh (Chinese: 星檳日報) in Penang, Malaysia.

The Malaysia editions were sold to a Malaysian businessman in 1982. In 1975, due to the a new legislation of Singapore, the assets and the rights to publish Singapore edition of Sin Chew Jit Poh, was sold to Sin Chew Jit Poh (Singapore) Limited,[2] but the descendant of the founder, the Aw family, retained some of the management shares.[2] In 1977, Sin Chew Jit Poh (Singapore) Limited made an initial public offering to sell the ordinary shares of the company[2] and merged to form Singapore News and Publications Limited,[3] a predecessor of Singapore Press Holdings in 1982.

History

[edit]

Newspapers Sin Chew Jit Poh and Sin Pin Jit Poh were founded by Chinese billionaire Aw Boon Haw in January 1929 and in 1939 respectively, in Singapore and Penang of the Straits Settlements; the publisher of Sin Chew Jit Poh was incorporated in 1928 and its parent company Sin Poh (Star News) Amalgamated Limited was incorporated in 1941.[4]

After the death of Aw Boon Haw in 1954, the Singapore and Malaysia editions were parted away from Hong Kong editions of "Star Newspapers"[nb 1] and "Tiger Standard", which the Hong Kong editions was majority owned by the late Aw Boon Haw's daughter Sally Aw[nb 2], as well as Aw Toke Tone (Chinese: 胡督東) the grandson of the late Aw Boon Haw;[nb 3] the Thai edition of "Star Newspapers"[nb 4] were also owned by Aw family but not under the Singapore-incorporated "Sin Poh (Star News) Amalgamated".[5][nb 5]

In 1966, Sin Poh (Star News) Amalgamated purchased a land in Petaling Jaya, Malaysia to build its Malaysian bureau. Since then, the Malaysia edition built their own content which started to distinguish itself with Singapore counterpart.[9]

Went public

[edit]

In December 1969, the Singapore-based descendant of the late Aw Boon Haw and his brother, late Aw Boon Par, took most of the assets of "Haw Par Brothers (Private) Limited" public, becoming Haw Par Brothers International. The assets included Sin Poh (Star News) Amalgamated.[5][10]

Privatization

[edit]

However, the company was takeover by Slater Walker in June 1971; Aw family became a minority shareholder.[11] At the same time, Aw Cheng Chye (Chinese: 胡清才), eldest son of the late Aw Boon Par, acquired Sin Poh (Star News) Amalgamated Limited from Haw Par Brothers International. Aw Cheng Chye was also the chairman of Sin Poh (Star News) Amalgamated at that time.[12] However, in the same year Aw Cheng Chye died in Santiago de Chile.[13]

In May 1971, Aw Kow (Chinese: 胡蛟), the eldest son of the late Aw Boon Haw, also resigned as the director of Sin Poh (Star News) Amalgamated as well as managing director (Chinese: 社長) of Sin Chew Jit Poh.[6][14][15][16] A scandal was exposed that English newspaper Eastern Sun (Chinese: 英文東方日報) he founded in 1966, was supported by Chinese intelligence service based in Hong Kong, according to Singapore Government.[17] Sin Poh (Star News) Amalgamated made a press release in May 1971, declaring that they have no relation with Eastern Sun.[6][15]

Despite Star News itself was not affected, in that year saw the closure of Eastern Sun, the arrest of the chairman of Nanyang Siang Pau Press, as well as other event regarding newspaper. Ironically, despite accused of connection to the People's Republic of China that affect Singapore's internal securities, Aw Kow was never charged and jailed.[18][19]

Without Aw Kow, Frank Wong (simplified Chinese: 黄溢华; traditional Chinese: 黃溢華) was also promoted as the general manager (Chinese: 總經理) of Sin Chew Jit Poh (Singapore) in December 1972.[20] The position was previously served by Aw Swan (Chinese: 胡山), second son of late Aw Boon Haw from 25 June 1971[15] to circa 1972.

Nevertheless, the Government of Singapore started another reform on the media that affected Star News in 1975.

Dismantle

[edit]

Due to Newspaper and Printing Presses Act, a legislation enacted in 1974, the Singapore edition was owned by a newly incorporated company Sin Chew Jit Poh (Singapore) Limited, which saw Aw family (such as widow of Aw Cheng Chye and her son Aw Toke Soon (Chinese: 胡督信), as well as Aw It Haw (Chinese: 胡一虎), the fourth son of the late Aw Boon Haw), editors of Sin Chew Jit Poh (such as Frank Wong, Goh Seah Hiong[nb 6] and Lu Kuang Chi (Chinese: 卢光池)) and Singapore sovereign wealth fund Temasek became the majority owner (via ordinary share and management share) from 1975 until initial public offering of ordinary share in 1977.[2] The management share was some sort of golden share on "any resolution relating to the appointment or dismissal of a director or any member of the staff of a newspaper company but shall in all other respects have the same voting rights as the holder of ordinary shares.",[21] which make the ordinary in some event, inferior to management share. For Aw family, without a majority in management share, ordinary share and number of directors, making the newspaper no longer part of the tools of the family to get influence to the public.

Moreover, in August 1978, only one of the member of the board of directors was from Aw family: Aw It Haw.[22][23] The management shares held by the widow of Aw Cheng Chye and her son Aw Toke Soon, as well as Goh Seah Hiong, Lu Kuang Chi (who both resigned as directors in August) and Lim Pang Kwang, were converted to ordinary shares in October 1978.[24] The issue of new management shares in June 1979 further diluted Aw It Haw's voting rights in term of the number of management share.[25]

The Singapore edition was merged with competitor, Singapore edition of Nanyang Siang Pau to form Lianhe Zaobao and Lianhe Wanbao in 1983.[26] Announced by the Singapore Government and the companies in April 1982,[27][28] their parent companies was merged in 1982 as Singapore News and Publications. In 1984, Singapore News and Publications was again merged with the publisher of The Straits Times, forming the monopoly Singapore Press Holdings, later SPH Media.

Nevertheless, the Malaysia editions were also sold to a Malaysian businessman Lim Kheng Kim (Chinese: 林庆金) in 1982, which the publisher of the editions was known as "Sin Poh (Star News) Amalgamated (Malaysia) Sendirian Berhad",[29] which currently became part of Media Chinese International Limited (MCIL) since 2008.

Footnotes

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  1. ^ Sing Tao Daily (Chinese: 星島日報) and Sing Tao Wan Pao (Chinese: 星島晚報; lit. 'Sing Tao Evening News') respectively
  2. ^ via Sin Poh Amalgamated (Hong Kong) Limited and The Tiger Standard Limited
  3. ^ via The Tiger Standard Limited
  4. ^ Sing Sian Yer Pao and its evening edition Sing Thai Wan Pao
  5. ^ As of July 1971, it was owned by Haw Par Brothers International, the public company owned by Aw family.[6] The chairman of Sing Sian Yer Pao from 1971 to 2005 was Lee Aik Sim (Lee Santipongchai, Chinese: 李益森), husband of Aw Cheng Sin (Chinese: 胡清心), the daughter of late Aw Boon Par;[7] unknown date of disposal of the newspaper by Haw Par Brothers International, after June 1971 takeover by Slater Walker, probably sold before 1976.[8]
  6. ^ Chinese: 吴声雄, also known as Wu Shik (Chinese: 吴锡)

References

[edit]
  1. ^ "Home". tis.bizfile.gov.sg.
  2. ^ a b c d Sin Chew Jit Poh (Singapore) Limited (21 October 1977). "Offer for sale of 5,322,236 ordinary shares of S$1.00 each at S$1.05 per share by the public trustee". The Straits Times. Singapore. pp. 34 to 35. Retrieved 7 October 2017 – via Singapore National Library.
  3. ^ "Chinese papers link up". The Straits Times. Singapore. 19 March 1983. Retrieved 8 October 2017 – via Singapore National Library.
  4. ^ Sin Poh (Star News) Amalgamated (24 February 1971). "星系報業有限公司來函照登". Nanyang Siang Pau (in Chinese). Singapore. Retrieved 7 October 2017 – via Singapore National Library.
  5. ^ a b Haw Par Brothers International (12 November 1969). "Prospectus". The Straits Times. Singapore. pp. 6 to 7. Retrieved 8 October 2017 – via Singapore National Library.
  6. ^ a b c "傳胡蛟有意辭卸星洲日報社長職". Nanyang Siang Pau (in Chinese). Singapore. 17 May 1971. Retrieved 8 October 2017 – via Singapore National Library.
  7. ^ "Lee A. Santipongchai dies, aged 90". Bangkok Post. 5 May 2015. Retrieved 8 October 2017 – via pressreader.com.
  8. ^ "Haw Par sells Thai firm for [S]$2.5 mil". Business Times. Singapore. 30 December 1976. Retrieved 8 October 2017 – via Singapore National Library.
  9. ^ "星洲日報：建立世界華人媒體網絡". Sin Chew Daily (in Chinese). Petaling Jaya. 30 April 2001. Retrieved 8 October 2017.
  10. ^ "Shares slightly off on last sales". The Straits Times. Singapore. 12 November 1969. Retrieved 8 October 2017 – via Singapore National Library.
  11. ^ "Untitled". The Straits Times. Singapore. 11 June 1971. Retrieved 7 October 2017 – via Singapore National Library.
  12. ^ "星系報業屬下三家報完全歸胡氏家族所有史勒特華克並未取得擁有權". Nanyang Siang Pau (in Chinese). Singapore. 13 June 1971. Retrieved 7 October 2017 – via Singapore National Library.
  13. ^ "星系報業暨虎豹兄弟公司主席胡淸才靈柩運返星 下月一日發引還山 李總理特函胡夫人致唁". Nanyang Siang Pau (in Chinese). Singapore. 30 August 1971. Retrieved 8 October 2017 – via Singapore National Library.
  14. ^ "Walk-out at the Sun". New Nation. Singapore. 17 May 1971. Retrieved 8 October 2017 – via Singapore National Library.
  15. ^ a b c "The Aw family". New Nation. Singapore. 23 July 1971. Retrieved 6 October 2017 – via Singapore National Library.
  16. ^ "Still a director". New Nation. Singapore. 28 July 1971. Retrieved 8 October 2017 – via Singapore National Library.
  17. ^ "政府暴露東方日報內幕 胡蛟獲共黨情報機關 資助七百廿萬元港幣 葉世芙在中間聯絡·接受三點基本原則". Nanyang Siang Pau (in Chinese). Singapore. 16 May 1971. Retrieved 8 October 2017 – via Singapore National Library.
  18. ^ Seow, Francis T. (1998). "The Eastern Sun". The Media Enthralled: Singapore Revisited. Boulder, CO: Lynne Rienner Publishers. p. 54. ISBN 1-55587-779-6 – via Google Books preview. [S]econdaly, given that that the dark negotiations with Chinese Communist officials were to undermine the future securities of Singapore, why Datuk Aw Kow, who, from all official accounts, was not only privy to but also involved in that nefarious conspiracy, not arrested?
  19. ^ Davies, Derek (1999). "The Press". In Haas, Michael (ed.). Th Singapore Puzzle. Westport, CT: Praeger Publishers. ISBN 0-275-96379-9. Retrieved 14 October 2017.
  20. ^ "Sin Chew journalist made general manager". The Straits Times. Singapore. 1 December 1972. Retrieved 7 October 2017 – via Singapore National Library.
  21. ^ Newspaper and Printing Presses Act. Retrieved 8 October 2017
  22. ^ "Gho Yaw is chairman of Sin Chew". Business Times. Singapore. 24 August 1978. Retrieved 8 October 2017 – via Singapore National Library.
  23. ^ "アジア動向年報" (in Japanese). Institute of Developing Economies. 1980 [scanned on 30 May 2016]. p. 423. Retrieved 8 October 2017.
  24. ^ Sin Chew Jit Poh (Singapore) Limited (7 October 1978). "Notice of extraordinary general meeting". The Straits Times. Singapore. Retrieved 8 October 2017 – via Singapore National Library.
  25. ^ Sin Chew Jit Poh (Singapore) Limited (5 May 1979). "Notice of extraordinary general meeting". The Straits Times. Singapore. Retrieved 8 October 2017 – via Singapore National Library.
  26. ^ Written at Singapore. "由南洋商報與星洲日報合併 新「聯合早報」正式刊印發行". The Kung Sheung Daily News (in Chinese). Hong Kong. Associated Press. 17 March 1983 [Written on 16 March 1983]. p. 2 – via Hong Kong Public Libraries.
  27. ^ Written at Singapore. "新加坡報紙大改革 兩家中文報將合併 《南洋商報》《星洲日報》將聯組公司 另一家英文晚報轉入《新加坡導報》". Ta Kung Pao (in Chinese). Hong Kong. Reuters. 21 April 1982 [Written on 20 April 1982]. p. 2 – via Hong Kong Public Libraries.
  28. ^ Nanyang Siang Pau Singapore Limited; Sin Chew Jit Poh (Singapore) Limited (21 April 1982) [Written on 20 April 1982]. "Joint Announcement". Business Times. Singapore. Retrieved 8 October 2017 – via Singapore National Library.
  29. ^ Written at Kuala Lumpur. "Sin Chew parent firm put under receivership". The Straits Times (in Chinese). Singapore. 7 September 1987. Retrieved 7 October 2017 – via Singapore National Library.
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