Mingyuan Medicare Development Co., Ltd. formerly known as Shanghai Ming Yuan Holdings Limited and Sing Tao Holdings Limited, is a Bermuda-incorporated company, headquartered in Hong Kong. However, in the past 15 years its main business was based in the mainland China. The company was formerly listed in the Stock Exchange of Hong Kong.
Sing Tao Holdings was acquired by Global China Technology Group in 2001. However, in 2002 it was re-sold to Ming Yuan Investment Group, but excluding its main business newspaper (as Sing Tao Media Holdings) and a hotel in Canada.
Mingyuan Medicare Development failed to publish 2014, 2015 and 2016 annual reports. The company was suspended from trading since 2015. The company had a Chinese trading name 銘源醫療發展, but it was not registered as a legal company name in Hong Kong.
History
In August 2002 Ming Yuan Investment Group, owned by Chinese businessman Yao Yuan, acquired Sing Tao Holdings, a cash shell, renaming the listed company to Shanghai Ming Yuan Holdings in October. The company then started many acquisitions of many biomedical firms that located in the mainland China, including firms that owned by the largest shareholder Yao Yuan.
In 2012 Mingyuan was removed from MSCI