‘A climate of fear’: Hong Kong media company behind shuttered Apple Daily admits defeat – CNN

Liquidation

Next Digital, which was founded by now-imprisoned tycoon Jimmy Lai, said in a stock exchange filing Sunday that its remaining four directors would step down, to best “protect shareholders, creditors, employees and former employees.” The directors are Chairman Ip Yut Kin, Louis Gordon Crovitz, Mark Lambert Clifford and Lam Chung Yan. It also said it…