Apple Daily may stop publication this weekHong Kong | 21 Jun 2021 3:55 pm
Next Digital’s pro-democracy Hong Kong tabloid newspaper Apple Daily will stop publication after June 26 if authorities refused to unfreeze relevant assets.
An internal memo issued to Apple Daily staff wrote that the tabloid is currently lacking enough funds for its operation due to the asset freeze earlier.
It said if the Security Bureau had refused to unfreeze the asset before Friday, the newspaper will cease operation after publishing the June 26 edition, while online news will stop uploading at 11.59pm on Friday.
The company would "accommodate" any immediate resignations, it said.
According to sources, the Next Digital board has concluded a meeting today and decided to cease operation of Apple Daily and its Apple Action News.
It was said a separate meeting will be held this Friday to finalize the decision.
An adviser to jailed tycoon Jimmy Lai Chee-ying, Mark Simon, earlier told Reuters that the newspaper will be forced to shut "in a matter of days" after authorities froze the company's assets under a sweeping national security law.