Taiwan says Hong Kong tycoon asset freeze a warning to global investors, East Asia News & Top Stories


Source: straitstimes.com straitstimes.com

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TAIPEI (REUTERS) - Taiwan warned on Saturday (May 15) 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. The asset freeze, announced on Friday, includes all shares in his company, Next Digital - the first time a listed firm has been target by national security laws in the financial hub. Shortly before the announcement, the Taiwan arm of Lai's popular Apple Daily said it would stop publishing its print version, blaming declining advertising revenue and more difficult...