Pro-democracy Hong Kong newspaper halts shares after asset freeze


Source: theonlinecitizen.com theonlinecitizen.com

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Hong Kong’s largest pro-democracy media group announced it was halting share trading Monday, two days after authorities froze the assets of its jailed owner Jimmy Lai under a new national security law. Next Digital Limited — which publishes the Apple Daily newspaper — said it would halt trading “pending the release of an announcement” about Lai’s frozen assets, in a statement to the city’s stock exchange. On Friday the Hong Kong Security Bureau announced it was freezing Lai’s shares in Next Digital as well as the contents of three of his bank accounts, using the security law which Beijing imposed...