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Next Digital trading halted after Jimmy Lai s assets frozen
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Hong Kong freezes listed shares of media tycoon Lai under security law
Reuters | May 14, 2021 11:33 PM EDT
Media mogul Jimmy Lai, founder of Apple Daily, arrives the Court of Final Appeal by prison van in Hong Kong, China (Photo : REUTERS/Tyrone Siu)
Hong Kong authorities on Friday froze assets belonging to jailed media tycoon Jimmy Lai, including all shares in his company, Next Digital - the first time a listed firm has been targeted by national security laws in the financial hub.
Also among assets targeted were the local bank accounts of three companies owned by him, Hong Kong s Secretary for Security John Lee said in a government statement.
Taiwan says Hong Kong tycoon asset freeze a warning to global investors Reuters 1 hr ago © Reuters/TYRONE SIU Media mogul Jimmy Lai, founder of Apple Daily, arrives the Court of Final Appeal by prison van in Hong Kong
TAIPEI (Reuters) - Taiwan warned on Saturday 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.
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