HONG KONG (BLOOMBERG) - Hong Kong media baron Jimmy Lai, one of the most prominent critics of China's crackdown on the city's pro-democracy movement, was acquitted of a charge of intimidating a reporter from a tabloid that rivals his Apple Daily.. Read more at straitstimes.com.
HONG KONG - Hong Kong media baron Jimmy Lai, one of the most prominent critics of China's crackdown on the city's pro-democracy movement, was acquitted of a charge of intimidating a reporter from a tabloid that rivals his Apple Daily.
Lai's Next Digital climbed as much as 8.8 per cent in Hong Kong trading after the verdict was read out. Last month, police raided the Apple Daily, the city's largest pro-democracy newspaper. Lai was arrested the same day, along with nine others at the paper on suspicion of breaching the national security law. A spokesman for China's Hong Kong and Macau Affairs Office supported the arrest.Next Digital shares soared in the days after Lai's arrest, leaving the stock with a 344 per cent gain for the week ending Aug 14.
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