Acton Institute Powerblog Archives

Post Tagged 'Securities and Futures Commission'

Hong Kong government petitions to dissolve Next Digital Media Group

On Sept. 29, the Hong Kong government, led by financial secretary Paul Chan Mo-po, petitioned the court of First Instance to push for the folding of Next Digital Media Group. Although the power to liquidate the 40-year-old firm is already granted by the Companies Ordinance, Chan argued that shutting the doors of the media company is also in the public’s interest. Continue Reading...