China Internet Global says not intend to sell its 10% Sing Pao Media stake

Having just sold out most of its shares in Sing Pao Media Group (0164), Lui Siu Tsuen, director of China Internet Global Alliance (0235), said the company had no intention to sell the rest 10% shareholding and neither did it plan to sell the Sing Pao Paper, which the company obtained in the dealings mentioned above.

However, when asked about the rumors that the company intended to re-sell Sing Pao Paper to tom.com (8001), Mr Lui said Sing Pao would be continuously held by China Internet Global Alliance and Star East Holdings (0198).

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