Govt Issues Freezing Order For Apple Daily Factory
"); jQuery("#212 h3").html("

"); });
2021-09-15 HKT 16:07
The government has issued a freezing order for the defunct Apple Daily newspaper’s printing factory in Tseung Kwan O, with security chief Chris Tang saying he believes the property is linked to a national security offence.
Tang said he had exercised his power to freeze the asset on Wednesday morning, in accordance with the national security law’s implementation rules.
“Basically under that freezing order, they are not entitled to deal with that property, except with a licence from us," the security secretary said.
In June, authorities froze HK$18 million of company assets after earlier raiding the newspaper’s headquarters and arresting several top executives on suspicion of violating the national security law.
The tabloid closed that month citing a lack of funds after the asset freezes.
Apple Daily founder Jimmy Lai remains in custody over national security charges, as are six former senior staff.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more