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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. ....
CHINA / SOCIETY By Global Times Published: May 14, 2021 08:16 PM Hong Kong police officers escort media tycoon Jimmy Lai Chee-ying after his arrest on Monday. Photo: Xinhua The Hong Kong Security Bureau has frozen all of media tycoon Jimmy Lai Chee-ying s shares in his Next Digital media company and his other bank assets under the national security law for Hong Kong, which was more than HK$300 million ($38.6 million) as estimated by some media. According to Hong Kong Exchanges and Clearing, Lai held 71.26 percent of Next Digital s shares as of Friday. According to the website of the Hong Kong government, Hong Kong police froze all the shares of Next Digital held by Lai, and the property in the local bank accounts of three companies owned by him. ....