It also said it was seeking a liquidation of the company’s assets, but hoped Apple Daily may live on in Taiwan, where it still has an online edition, under new owners.
“The Hong Kong government has never indicated which articles published by Apple Daily allegedly violated the national security law,” Next Digital said in its statement Sunday.
“This uncertainty created a climate of fear, resulting in many resignations among the remaining staff at the company in Hong Kong, including those responsible for the regulatory compliance duties of a publicly traded company.”
The company is now requesting that the trading of its shares “remain suspended until further notice,” while also calling for a liquidation of its assets to pay off shareholders, creditors and employees.
Previously, in June, the firm’s board had appealed to Hong Kong authorities to unfreeze assets in order to pay employees, according to Apple Daily.
The company is hoping that some of its legacy can still live on.
It called on liquidators to consider deals “that would generate funds to benefit creditors,” noting that previously “several parties have expressed interest in acquiring the operations of Apple Daily in Taiwan.”
“There is also value in assets such as the unique intellectual property created since Apple Daily was founded,” Next Digital said.
Hong Kong’s Commerce and Economic Development Bureau did not immediately respond to a request for comment on Monday.
“Don’t try to accuse the Hong Kong authorities for using the national security law as a tool to suppress the media or to stifle the freedom of expression,” she said at the time.
“As Apple Daily often observed, Hong Kong people have a collective memory of what life was like elsewhere when freedom of speech was denied: No other rights are safe,” the Next Digital directors wrote Sunday.
— Carly Walsh contributed to this report.