Next Digital, a publicly traded company, said in an announcement that all members of its board would resign, and that they hoped to liquidate their assets in an effort to pay staff.
"This meant the Company could no longer legally pay Apple Daily's staff, including reporters, and the Company was also banned from paying costs of doing business such as buying ink and keeping the electricity on," the board said in its statement Sunday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: