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The next digital transaction stopped after Jimmy Lai’s assets froze

Hong Kong – The Stock Exchange of Hong Kong stopped trading Next Digital shares on Monday, a few days after authorities frozen the assets of founder Jimmy Lai.

Next Digital said in a filing that it demanded a suspension after authorities announced that it had frozen Rye’s assets on Friday. Next Digital publishes the democracy-supporting tabloid Apple Daily, which was founded by its controlling shareholder, Lai.

Freezing occurred as Lai and nine other democratic activists appeared in court on Monday and faced accusations related to inciting others to attend an unauthorized rally in October 2019. I did.

Rye is currently in two separate absenteeism in 2019 during a major anti-government protest when Hong Kong residents protested a proposed delivery bill that would allow Hong Kongers to be handed over. To mainland China to stand in court sentenced to 14 months in prison for his role in a permit rally. The bill was later withdrawn, but protests evolved to include broader demands on the city’s democracy.

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After months of anti-government protests, Beijing tightened control over Hong Kong and last year imposed a national security law on Hong Kong, which is widely regarded as a crackdown on opposition. The law criminalizes withdrawal, destruction, terrorism, and foreign collusion, and police have so far arrested more than 100 people under the law.

Lai is being investigated by the National Security Agency for colluding with foreign forces and endangering national security.

His property was frozen under the National Security Act. Under National Security Law, if there is a reasonable reason to believe that property is related to a national security breach, “the parties and organizations, directly or indirectly, treat the particular property reasonably. It must not be. There is a suspicion that it is related to a crime that threatens national security. “

In recent months, Hong Kong police have arrested most of the city’s democratic activists and detained prominent activists such as Joshua Wong and Agnes Chow. Most of the democratic activists arrested are still detained by police.

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Last week, Taiwan’s Apple Daily announced that it would stop issuing print editions. The newspaper said it had lost money, and Next Digital could no longer support it as “pro-Chinese troops” blocked access to ads in Hong Kong’s flagship Apple Daily newspaper and other publications. ..

Copyright 2021 AP communication. all rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

The next digital transaction stopped after Jimmy Lai’s assets froze

Source link The next digital transaction stopped after Jimmy Lai’s assets froze

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