Recents in Beach

Hong Kong's Apple Daily paper to shut within days

Hong Kong's Apple Daily paper to shut within days




Trouble continues to mount for hong  kong's apple daily and according to a  report the pro-democracy newspaper will  be forced to shut down in the coming  days due to funds crunch  the report cited the advisor of apple  daily's founder jimmy ly he said that  the battle newspaper  has been further hit by authorities  decision to freeze the company's assets  the daily is now mulling several actions  including a legal one as it seeks to get  enough funds to continue its operations  the authorities have seized assets worth  2.3 million of the three companies  associated with the newspaper the  shortage of funds come as the newspapers  editor and chief executives  were denied bail they have been charged  with collusion with the foreign country  police said that the arrests were based  on more than 30 articles  that had appeared in the apple daily  since the controversial national  security law took effect  they said that the articles had called  for the international sanctions against  china and hong kong  over crackdown on anti-government  protesters at least 500 cops raided the  daily's offices last week  the newspaper had come under immense  pressure  after its owner jimmy lye was arrested  last august  the tycoon had been one of the biggest  donors of hong kong's pro-democracy  movement.

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