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Next Media suspends trading | Liang Zhenying blew himself up as a minority shareholder complaining to CEO Zhang Jianhong for "deliberately misleading"

2021-05-27T18:02:27.982Z


Liang Zhenying, the vice chairman of the National Committee of the Chinese People's Political Consultative Conference and former chief executive, has attacked the "Apple Daily" under One Media (00282) from time to time, and was dubbed by netizens as an "Apple loyal reader". It turns out that he has another identity-a shareholder of One Media. Liang Zhen


Political situation

Written by: Lin Jian

2021-05-26 17:28

The last update date: 2021-05-26 17:32

Liang Zhenying, the vice chairman of the National Committee of the Chinese People's Political Consultative Conference and former chief executive, has attacked the "Apple Daily" under One Media (00282) from time to time, and was dubbed by netizens as an "Apple loyal reader". It turns out that he has another identity-a shareholder of One Media.

Leung Chun-ying stated on social networks today (26th) that as a "minor shareholder", he formally complained to the law enforcement agency about the chief executive and executive director of Next Media Zhang Jianhong, claiming that the Group’s operations and financial finances would be "unaffected" after the Security Bureau freezes Li Zhiying’s assets. Suspected of making "deliberately misleading statements" that harmed the interests of minority shareholders.

Liang Zhenying quoted Zhang Jianhong’s statement on May 15th that “the incident has nothing to do with the account of Next Media Group, and the operation and financial finance of the group and Apple Daily will not be affected.” However, two days later, Zhang Jianhong accepted the order of the board of directors of Next Media. A "trading suspension" announcement was issued, stating that "At the request of Next Media Co., Ltd. (the company), the company’s shares will be temporarily available on The Stock Exchange of Hong Kong Limited at 9 am on May 17, 2021 (Monday). Stop trading, pending the issuance of (including) the announcement by the Hong Kong Security Bureau regarding the freezing of assets held by the controlling shareholder of the company, Mr. Lai Zhiying, and the company’s equity, and the statement is an announcement of the company’s inside information".

He questioned that 9 days after the incident, One Media had not issued the statement promised in the above announcement, nor had it resumed trading.

He quoted market analysts’ analysis in the media, saying that Next Media has been suspended so far and may become an indefinite resumption of trading. Therefore, he has reason to believe that Zhang Jianhong, as the chief executive and executive director of Next Media, made public statements on May 15 that the group and " The operation and financial finance of Apple Daily "will not be affected" is a negligent, irresponsible and/or deliberately misleading statement. Other directors of the company have not corrected or clarified so far, and have the same legal responsibility.

In the end, Liang Zhenying blew himself up as a minority shareholder of Next Media. "After obtaining relevant legal opinions, as a minority shareholder of Next Media Co., Ltd., I have appointed a lawyer today to formally complain to the law enforcement agency about Zhang Jianhong and other directors of Next Media Co., Ltd., requesting a thorough investigation. And reserves all other legal rights."

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01News

Leung Chunying One Media Li Zhiying Apple Daily

Source: hk1

All news articles on 2021-05-27

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