Hong Kong pro-democracy newspaper Apple Daily will be forced to shut “in a matter of days” after authorities froze the company’s assets under a national security law, an adviser to jailed owner Jimmy Lai told Reuters on Monday.
Next Digital, publisher of the top-selling 26-year-old newspaper, would stop publication on June 26 if a board meeting on Friday decided to halt operations, an internal memo seen by Reuters showed.
“We thought we’d be able to make it to the end of the month. It’s just getting harder and harder. It’s essentially a matter of days,” the adviser, Mark Simon, said by telephone from the United States.
Vendors had tried to put money into the company’s bank accounts but have been rejected, he said.
Another senior company source with direct knowledge of the matter said the freezing of the firm’s core assets – before any trial or due legal process proved any criminality – had made it impossible to pay wages or even electricity bills.
