Hong Kong government to liquidate Lai’s Next Digital media group
Sept. 29 (Reuters) – Hong Kong financial secretary Paul Chan has filed a petition in the lower court to liquidate Next Digital Ltd (0282.HK) (NDL), the media group owned by jailed tycoon Jimmy Lai.
Next Digital was the publisher of Apple Daily, a popular pro-democracy newspaper that closed in June after its newsroom was raided by police investigating whether certain published articles violated a national security law introduced to Hong Kong by Beijing last year.
The government has said Chan believes it would be in the public interest to wind up Next Digital after reviewing an investigative report into the company’s affairs.
The Securities and Futures Commission (SFC) also provided Chan with important information and evidence after investigating Next Digital, the government said.
“The SFC also believes that it is desirable and in the public interest that the NDL be liquidated on the basis of the information and evidence it has obtained,” the government said in a statement on Wednesday.
NDL said this month its intention to go into liquidation and its board of directors had resigned to facilitate the process. Read more
The company’s assets have been frozen as part of the national security investigation and its shares have been suspended from trading since June 17.
Reporting by Donny Kwok
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