China: HK tycoon Jimmy Lai's Next Digital to stop operating from July 1 -memo
HONG KONG, June 30 (Reuters) - Hong Kong media group Next Digital (0282.HK), owned by jailed tycoon Jimmy Lai, will cease operating from July 1 after the company's assets were frozen as part of a national security investigation, according to an internal memo seen by Reuters.
Next Digital did not immediately respond to a request for comment.
The company is the publisher of Apple Daily, a popular pro-democracy newspaper that closed last week after its newsroom had been raided by 500 police officers investigating whether some articles breached the security law.