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Next Media decided to suspend publication on Friday whether the minority shareholder Liang Zhenying letter and directors retain accountability

2021-06-26T13:18:52.515Z


According to the news, the board of directors of Next Media met today (21st) to discuss whether the "Apple Daily" will continue to operate or cease publication. It is understood that the board of directors decided to set the dead line on Friday (25th). If the Security Bureau fails to unblock it, it will be frozen.


Political situation

Written by: Wu Zhuoan

2021-06-21 17:32

Last update date: 2021-06-21 18:49

According to the news, the board of directors of Next Media met today (21st) to discuss whether the "Apple Daily" will continue to operate or cease publication.

It is understood that the board of directors decided to set the dead line on Friday (25th). If the Security Bureau fails to unblock the frozen assets, the company will be short of funds to operate. It decided to close the business on that day, that is, the newspaper that "Apple Daily" published on Saturday On the last day, the Apple News Network ceased operations at 11:59 pm on Friday night.

Liang Zhenying, the vice chairman of the National Committee of the Chinese People's Political Consultative Conference and former chief executive who is a minority shareholder of Next Media, posted on social networking sites that all directors of Next Media have unshirkable legal responsibilities to all shareholders and the latest operating conditions of the company should be comprehensive, accurate and public To inform all shareholders.

He criticized that the directors have not fulfilled the above-mentioned legal responsibilities so far, so he appointed a lawyer to send letters to all the directors of "Next Media", stating that he reserves the right to pursue legal responsibilities.

Liang Zhenying approves directors for not fulfilling legal responsibilities

Liang Zhenying posted a post on Facebook saying that "Apple Daily" is the main business of "Next Media" and "Next Media" is a Hong Kong listed company. There are many rumors in the society about whether "Apple Daily" and "Next Media" can survive. And guessing.

Liang Zhenying pointed out that all directors of "Next Media" have an unshirkable legal responsibility to all shareholders and should fully, accurately and publicly notify all shareholders of the company's latest operating conditions. He criticized that all directors have not fulfilled the above legal responsibilities so far. Therefore, he entrusted a lawyer to speak to all directors of Next Media, stating that he reserves the right to pursue legal liabilities.

Exploded holding 2,000 shares of Next Media

In early June, Liang Zhenying, who has been following the operation and news content of Apple Daily for a long time, revealed that he bought 2,000 shares of Next Media as early as 2018. “I bought 2,000 shares of Next Media in 2018. Indirectly buy or sell any shares of Next Media. Market participants don’t have to guess.” On May 26, Liang Zhenying said on social media that, at that time, Next Media had been suspended for nine days and the group had not issued the statement promised in the above announcement. The trading was not resumed, so he filed a complaint with the law enforcement agency, requesting a thorough investigation, and reserved all other legal rights.

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Source: hk1

All news articles on 2021-06-26

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