Copies of the Apple Daily newspaper, with front pages featuring Hong Kong media tycoon Jimmy Lai, on sale at a news-stand in Hong Kong on August 11, 2020. Photo: AP
1,200 per cent rally in Next Digital puts Apple Daily’s publisher among Hong Kong’s biggest media groups, sparks calls for regulatory probe
- Shares of the Apple Daily publisher soared for the second day on Tuesday, surpassing TVB in market value at the peak of its rally
- The stock jumped in the two days following the arrest of its founder Jimmy Lai, bolstering his paper wealth to HK$2.07 billion (US$266 million)
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Next Digital
Copies of the Apple Daily newspaper, with front pages featuring Hong Kong media tycoon Jimmy Lai, on sale at a news-stand in Hong Kong on August 11, 2020. Photo: AP
Corrected [8:17pm, 11 Aug, 2020]
- [8:17pm, 11 Aug, 2020]
Corrects the price change to 1,200 per cent from 1,300 in the headline in an earlier version of this story
- [12:50pm, 12 Aug, 2020]
Corrects third paragraph to show Next Digital's market value behind Tom Group and TVB, based on closing prices on Tuesday
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