Experts noted the move is an attempt to recoup funds and respond to possible national security-related charges against Apple Daily in the near future. According to a Hong Kong Stock Exchange filing on Monday, the identity of the buyer and the price have yet to be revealed. Hong Kong Apple Daily reported that a potential buyer has given an intention to purchase the assets in Taiwan, citing CEO Cheung Kim-hung. Lai is also facing other serious charges related to the national security law for Hong Kong. Apple Daily is currently avoiding the limelight, not only financially by selling off part of its business, but also by changing its wording and concepts.

Source: Manila Times April 21, 2021 11:26 UTC