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"Apple" reported that cash has only been operating for a few weeks, but it is not optimistic.

2021-06-24T21:43:00.014Z


The police recently arrested five senior officials of Next Media on suspicion of violating the "Minato National Security Act". The Security Bureau also frozen the assets of three companies related to "Apple", totaling 18 million yuan, affecting the company's capital turnover or preventing employees from leaving.


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Author: Tao Jiaxin

2021-06-20 15:29

Last update date: 2021-06-20 15:30

The police recently arrested five senior officials of Next Media on suspicion of violating the "Hong Kong National Security Law". The Security Bureau also frozen the assets of three companies related to "Apple", totaling 18 million yuan, affecting the company's capital turnover or preventing employees from paying food.

"Apple Daily" reported that Next Media held a board meeting yesterday (19th) to discuss the employee pay plan, and initially decided to try to follow the "Implementation Rules" under the "National Security Law" and write to the Security Bureau tomorrow (21st) to apply for permission , Seeking to unfreeze some assets to prevent the company from violating labor laws due to wage arrears, but is not optimistic about the result.

▼6.18 "Apple Daily" published as usual▼

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According to the "Apple" report, the police document warned against disposing of frozen assets. Violation of the order can be sentenced to prison. It also warns any person, company or subsidiary that if assisting the operation of "Apple", it may violate the "National Security Law" at any time, which will affect it in disguise Mobilize capital turnover within the group.

In addition, the police have asked seven local banks not to deal with the property in the bank accounts of three companies related to "Apple". It is doubtful whether employees employed by these three companies will be paid as usual at the end of this month.

Apple: Apply to unfreeze some assets to pay employees' salaries

"Apple" reported that the management had held a meeting to discuss the employee salary plan, and initially decided to try to apply for permission from the Security Bureau according to the "Implementation Rules" under the "National Security Law" to unfreeze part of the assets to pay employees' salary.

If the application is unsuccessful, the next step will be to apply to the Court of First Instance in accordance with Article 4 of Schedule 3 in the Implementation Rules of the National Security Law to request the cancellation of the relevant freeze notice, but it is now less than 10 days from the fixed payday at the end of this month. Therefore, time is tight.

According to reports, the company only has enough cash to continue normal operations for several weeks, and the printing of the "Apple Daily" is also affected. The internal inventory of ink and paper in the warehouse is being reviewed, and it is unknown whether the supplier will continue to cooperate.

The report also quoted a response from the One Labor Union saying that it understands the company’s current difficulties and believes that the company will consider its employees and try its best to think of solutions, hoping to have a solution as soon as possible.

▼6.17 Police enter the Next Media Building▼

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He Qiming said that he has not received help from "Apple" employees

He Qiming, Deputy Secretary of the Bureau of Labor and Welfare, said after attending the event today that he would not comment on the incident, emphasizing that if funds are frozen due to violation of other laws, and whether employees must be protected in accordance with the employment regulations are two levels of issues and cannot be confused; even if company funds are For freezing, the person in charge of the company should also be held accountable to protect employees' salaries and other issues.

He urged that if any "Apple" colleagues are in arrears of salary, they can seek help from the Labour Department, and said that they have not received any relevant help and information.

Bloomberg quoted news: "Apple Daily" only has enough funds to run for a few weeks and intends to borrow Taiwan business crowdfunding

Next Media Case | Zhang Jianhong, Luo Weiguang, willing to resign but not released on bail, Chen Peimin says Apple will continue to publish

A primary school teacher in Tin Shui Wai sent "Apple" to a colleague, but the classroom was suspended and the Education Association reprimanded it to go online

Search One Media | "Apple Daily" printed to 500,000 copies of newspapers sold 20 times more than still being swept away

Tang Jiahua pointed out that the arrest of the top executives of Next Media has nothing to do with press freedom. It is not illegal for citizens to buy "Apple"

Search One Media|The assets of the three companies are frozen, "Apple" chief executive: make every effort to publish as usual

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Source: hk1

All news articles on 2021-06-24

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