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Media & Entertainment

Apple Daily to shut unless Hong Kong police release frozen funds

Board of Next Digital to decide Friday on closure of outspoken newspaper

Residents keen to show their support for Apple Daily bought extra copies last Friday and showed up for court Saturday when its editor-in-chief was brought before a magistrate.    © Reuters

HONG KONG -- Embattled Hong Kong pro-democracy newspaper Apple Daily will cease to operate on Friday unless authorities unfreeze assets linked to the arrest of its top editors and executives, according to a decision by the board of its parent company announced to employees.

According to the internal memo seen by Nikkei Asia, parent company Next Digital has appealed to Hong Kong's Security Bureau to release 18 million Hong Kong dollars ($2.32 million) of assets of three group companies that were frozen last week after the arrest of Apple's editor-in-chief, Next's chief executive and three other managers under the city's national security law.

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