Exec replaced Wang Sing in media empire
Hong Kong media empire Tom Group has appointed Tommei Tong Mei-kuen as its chief exec, following the sudden resignation of Wang Sing.
Tong said she does not intend to change the direction of the group but aims to improve the share rating through better communication of the group’s media interests and strategy.
Tom is the stock market-listed media division of the telco, real estate and trading empire built by Li Ka-shing, Hong Kong’s richest man. Group controls mainland Chinese broadcaster CETV, while subsid Tom Online is one of China’s leading Internet players through its Tom.com portal and is partnered with Warner Bros. in China.
In late 2004 Tom Group bought a 35% stake in Huayi Brothers, China’s leading private-sector film producer and distributor. Tom also runs publishing and outdoor advertising businesses in mainland China and Taiwan and a sports promotion biz.
Wang quit to concentrate on his own investment portfolio.