Arrest of tycoon Jimmy Lai sparks surge in his company’s shares
  • Shares of the company that owns Apple Daily skyrocketed by as much as 344 per cent in afternoon trade, rebounding from a record low in the morning
  • Some analysts pointed to speculation that the company could sell its listed entity as a ‘shell’ for other firms to acquire in order to achieve a back-door listing
10 Aug 2020 - 9:18PM