Financial News
Author: Zhai Ziqian
2020-08-10 11:16
Last update date: 2020-08-10 11:19Next Media (0282) Group founder Li Zhiying and several senior executives were arrested by the police on suspicion of violating the "National Security Law" this morning. The news stated that Li Zhiying committed the crime of colluding with foreign countries or foreign forces to endanger national security, as well as the crime of conspiracy to defraud and incitement.
Next Media was sold in the early stage, and its stock price plunged by nearly 17%, hitting a low of 0.75 yuan, setting a new listing low, with a turnover of only about 400,000 and a market value of about 200 million yuan.
According to sources, a total of 7 persons were arrested, including several senior executives of One Media, such as Chief Executive Officer Zhang Jianhong, Chief Operating Officer and Chief Financial Officer Zhou Daquan, Chief Executive Officer of One Media Huang Weiqiang, General Manager of One Media Animation Wu Daguang; Li Zhiying and his two sons Li See En and Li Yaoen. Mark Simon is wanted by the police.
In addition, nearly 200 police officers searched the One Media Building this morning.
Li Zhiying Arrested | Li Guihua Leads 200 Police Search One Media Li Zhiying Detained to the Office for Investigation
Li Zhiying Arrested | Li Zhiying, his two sons, and four senior officials from Next Media were arrested for three crimes
Li Zhiying Arrested｜Arrested three times in six months, involved in illegal assembly, and suspected of being the head of the crime for violation of national security law
Li Zhiying Hong Kong version of the National Security Law
