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HK security dept annuls voting rights of Next Digital s imprisoned owner
FILE PHOTO: Media mogul Jimmy Lai, founder of Apple Daily, arrives the Court of Final Appeal by prison van in Hong Kong, China February 1, 2021. REUTERS/Tyrone Siu reuters tickers
This content was published on June 1, 2021 - 11:20
June 1, 2021 - 11:20
(Reuters) -Media publisher Next Digital Ltd said on Tuesday Hong Kong s National Security Department confirmed its founder and controlling shareholder, jailed tycoon Jimmy Lai, must not exercise voting rights on shares held by him.
Lai, who owns a 71.26% stake in Next Digital, can only exercise voting rights under the authority of a license granted by the Secretary for Security, according to the Security Department.
ChinaHong-kongJimmy-laiPriya-sharmaKrishna-chandra-eluriSecurity-departmentHong-kong-national-security-departmentNational-security-departmentDigital-ltdReutersNext-digital-ltdTuesday-hong-kong