Next Digital trading halted in Hong Kong after Jimmy Lai’s assets frozen


Source: marketwatch.com marketwatch.com

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HONG KONG — The Hong Kong stock exchange on Monday halted the trading of Next Digital shares, days after authorities froze assets belonging to its founder Jimmy Lai. Next Digital 282, -2.11% said in a filing that it requested the halt after authorities announced that it had frozen Lai’s assets Friday. Next Digital published pro-democracy tabloid Apple Daily, and the company was founded by Lai, its controlling shareholder. The freeze comes as Lai and nine other pro-democracy activists appeared in court Monday, facing charges related to inciting others to take part in an unauthorized assembly in October 2019. Lai is...