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Written by: Zhong Yan
2021-06-19 22:04
Last update date: 2021-06-19 22:05
The police arrested five senior officials of Next Media, including the editor-in-chief of Apple Daily, for allegedly violating the "Hong Kong National Security Law". The Security Bureau also frozen the assets of three companies related to "Apple" for a total of 18 million yuan for a period of two years.
"Apple Daily" has continued to publish newspapers in the past two days, but Bloomberg quoted news that the newspaper currently has enough funds to operate normally for a few weeks. It will consider applying for an exemption from the court, and consider launching crowdfunding through Taiwan business to continue its operation.
▼6.18 "Apple Daily" published as usual▼
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Bloomberg quoted news as saying that Apple Daily’s funds are only sufficient for normal operations for a few weeks. In order to continue printing and paying employees’ salaries, it is considering requesting the court to lift funds, and studying the use of Taiwan business to manage electronic donations, using GoFundMe.com and PayPal. Crowdfunding.
The news continued that the management was also reviewing materials such as ink and paper in the printing plant. After several banks indicated that they would not process the company's bank accounts, it was unknown whether the supplier would continue to cooperate or whether it would continue to pay employees' salaries.
Although Next Media still has more than 500 million yuan in cash, Bloomberg News said that it is currently uncertain whether the Security Bureau and the court can successfully withdraw and use the relevant funds under the order of the National Security Law.
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▼6.18 "Apple Daily" published as usual▼
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