News Snapshot:
The High Court has appointed two provisional liquidators to safeguard the interests of Next Digital , a media group founded by jailed tycoon Jimmy Lai Chee-ying, pending the determination of a winding-up petition by the Hong Kong government. Madam Justice Linda Chan Ching-fan on Friday granted an application from Financial Secretary Paul Chan Mo-po to appoint Sammy Koo Chi-sum and Clifford Tsui Chi-chiu of Ernst & Young Transactions, ahead of the petition hearing scheduled on December 15. The brief hearing on Friday also revealed the 40-year-old firm’s latest financial status, disclosing that it had more than HK$70 million (US$9 million)...
