All four remaining company directors of Next Digital, the corporation that owned Hong Kong’s now defunct pro-democracy newspaper Apple Daily, have resigned. There is a risk that Next Digital will n…
, have resigned. There is a risk that Next Digital will now be forcibly delisted from the stock market in the city.
Along with a formal regulatory filing – “Ip Yut Kin has tendered his resignation as a non-executive director and chairman of the Company and Louis Gordon Crovitz, Dr. Mark Lambert Clifford and Mr. Lam Chung Yan, Elic have tendered their resignations as independent non-executive directors of the Company, all with effect from 23:59 ” – the directors issued a fierce condemnation of the government moves, which they say has forced the paper into silence and likely liquidation.
They added that “the Hong Kong government has never indicated which articles published by Apple Daily allegedly violated the National Security Law. This uncertainty created a climate of fear, resulting in many resignations among the remaining staff at the company in Hong Kong, including those responsible for the regulatory compliance duties of a publicly traded company.”, the paper’s founder and 71% majority owner, is in jail pending trial.
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Hong Kong media group Next Digital says it aims to wind down, board quitsHong Kong media group Next Digital Ltd announced on Sunday that it aimed to go into liquidation and its board of directors had resigned to facilitate the process. Next Digital is owned by jailed tycoon Jimmy Lai and was the publisher of Apple Daily, a popular pro-democracy newspaper that closed in June after its newsroom was raided by police officers investigating whether some articles breached a national security law introduced in Hong Kong by Beijing last year. The company's assets were frozen as part of the national security investigation and its shares have been suspended from trading since June 17.
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