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Next Digital Appoints New Provisional Liquidators
Next Digital Announces Appointment Of Provisional Liquidators
Next Digital Says All Directors Of The Company Resigned
Next Digital Limited is a Hong Kong-based investment holding company principally engaged in media and publishing businesses. The Company operates through three segments. Digital segment is engaged in Internet advertising, Internet subscription, content provision and the development of mobile games and applications in Hong Kong, Taiwan and America. Newspapers Publication and Printing segment is engaged in the sales of newspapers and the provision of related newspapers printing and advertising services in Hong Kong and Taiwan. Books and Magazines Publication and Printing segment is engaged in the sales of books and magazines, as well as the provision of books and magazines printing and advertising services in Hong Kong, Taiwan, North America, Europe and Oceania.
Printing & Publishing
1F,Tseung Kwan O Industrial Estate
8 Chun Ying Street
Tseung Kwan O, New Territories
Wai Man Chan
Chief Information and Communication Technology Officer
Pui Man Chan
Associate Publisher of Apple Daily
Yu Hsin Chen
Publisher of Taiwan Apple Daily
Chi Wai Cheung
Platform Director of Apple Actionnews
Ming Huei Chiu
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Hong Kong's Financial Secretary Paul Chan has presented a petition to the Court of First Instance to wind up Next Digital Ltd (NDL), the media group owned by jailed tycoon Jimmy Lai.
Hong 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.
Hong Kong police arrested the former executive editor-in-chief of the now-closed pro-democracy Apple Daily tabloid on Wednesday, local media reported, the latest arrest in a national security investigation of media tycoon Jimmy Lai's newspaper.
Hong Kong Media group Next Digital on Thursday said it had received an email from the solicitors of its chief executive officer, Cheung Kim-hung, stating that he had resigned, as the company faces investigations under the national security law.
Hong Kong media group Next Digital, owned by jailed tycoon Jimmy Lai, will cease operating from July 1 after the company's assets were frozen as part of a national security investigation, according to an internal memo seen by Reuters.
Hong Kong media group Next Digital, owned by jailed tycoon Jimmy Lai, will cease operating from July 1, according to an internal memo seen by Reuters.
The pro-democracy Hong Kong newspaper Apple Daily looked set to close for good by Saturday following police raids and the arrest of executives - a move that critics say undermines the city's status as a free and open society as Beijing tightens its grip.
Next Digital's pro-democracy Hong Kong tabloid newspaper Apple Daily and its online edition will cease operations by Wednesday as most of its employees have resigned, Cable TV and Oriental Daily said on Monday.
Next Digital's pro-democracy Hong Kong tabloid newspaper Apple Daily will stop publication after June 26 if a board meeting on Friday decides to stop operations, an internal memo seen by Reuters showed.
Media publisher Next Digital Ltd said on Tuesday Hong Kong's National Security Department confirmed its founder and controlling shareholder, jailed tycoon Jimmy Lai, must not exercise voting rights on shares held by him.
Hong Kong's security chief sent letters to media tycoon Jimmy Lai and branches of HSBC and Citibank this month threatening up to seven years' jail for any dealings with the billionaire's accounts in the city, according to documents seen by Reuters.
Hong Kong's leader said that freezing the assets of democracy activist Jimmy Lai, including his majority stake in media publisher Next Digital, would hopefully reinforce the Asian financial hub's status by ensuring national security.
Next Digital Ltd shares were suspended on Monday after authorities froze assets of its jailed owner Jimmy Lai under a new national security law in Hong Kong, while the tycoon pleaded guilty to taking part in an illegal protest in October 2019.
Trading in shares of Next Digital Ltd was suspended on Monday pending a statement from the company, it said in a filing to the Hong Kong bourse.
Taiwan warned on Saturday that Hong Kong's decision to freeze assets belonging to jailed media tycoon Jimmy Lai was a sign to the international community that doing business in the Chinese-controlled city was becoming increasingly risky.
Next Digital Ltd shares swung sharply on Thursday as Hong Kong police arrested 15 people on suspicion of conspiracy to defraud and money laundering in relation to the rally last month that followed the arrest of the company's owner.
Shares of Next Digital Ltd <0282.HK> tumbled over 40% on Wednesday after soaring more than 1,000% in the last two sessions, as the securities watchdog said it was monitoring trading activity in the Hong Kong media group.
Hong Kong's markets watchdog urged investors to "exercise extreme caution" after shares of Next Digital Ltd <0282.HK> rose more than 2,000% to a 12-year high, spurred by an online campaign for its detained owner media tycoon Jimmy Lai.
Shares in media company Next Digital <0282.HK> surged more than 340% on Monday as supporters of its chairman Jimmy Lai, a staunch democracy activist, scooped up the stock after he was arrested under Hong Kong's new national security law.
* INFORMED THAT LAU CHUK KIN, AN EXEC DIRECTOR OF CO, TESTED POSITIVE FOR COVID-19 ON 13 MARCH
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