Adviser to jailed owner Jimmy Lai said newspaper cannot pay its staff and suppliers after officials blocked banking facilities
The board of Hong Kong’s Apple Daily newspaper is in crisis talks amid expectations it could shut down in a matter of days after the arrest of its senior editors and executives, and the freezing of its assets and accounts.
According to Mark Simon, a close adviser of the paper’s jailed owner, Jimmy Lai, the board was holding its fourth meeting in as many days on Monday morning, urgently seeking information to make assessments about the future of the paper.
