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Hong Kong Frozen Media Tycoon Li's Shares Under Security Law | Business Wire Hong Kong Protest News


Using the power of securities laws to target a listed company for the first time may have an impact on investor sentiment in the city.
The Hong Kong authorities have frozen the assets of the jailed media tycoon Li Meimei, including all shares in his company Next Digital. This is the first time that a listed company has been attacked by the National Security Law of the Financial Center.
In a government statement, Hong Kong Security Service Director John Lee said that among the target assets are the local bank accounts of three Lai’s companies.
The statement was released after the market closed on Friday, stating that Mr. Li had issued a notice, “frozen in writing all shares of Next Digital Limited held by (Jimmy) Li Zhiying and the ownership of the property in three local bank accounts By him”. ....

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