Jailed media mogul Jimmy Lai's company, publisher of the now-defunct pro-democracy Apple Daily newspaper, to close in Hong Kong.
as part of the national security investigation and its shares have been suspended from trading since June 17.
Apple Daily founder Jimmy Lai, center, is arrested by police officers at his home in Hong Kong on April 18, 2020.Ip Yut Kin had tendered his resignation as a non-executive director and chairman, while Louis Gordon Crovitz, Mark Lambert Clifford and Elic Lam have tendered their resignations as independent non-executive directors, the company said.
Next Digital said it hoped the resignations of the remaining board members will result in liquidators being allowed by the Hong Kong government to authorize payments that directors were banned from approving, including for creditors and for former staff. The company said the Hong Kong government has never indicated which articles published by Apple Daily allegedly violated the national security law, and the uncertainty created a climate of fear, resulting in many resignations including those responsible for the regulatory compliance duties of the publicly traded company.
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