Hong Kong’s Apple Daily Says Only Has Cash for Few Weeks After Assets Frozen

Hong Kong’s Apple Daily Says Only Has Cash for Few Weeks After Assets Frozen
An employee walks at the offices of Apple Daily and Next Media after police raided the newsroom, in Hong Kong, China, on June 17, 2021. Lam Yik/Reuters
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HONG KONG—Hong Kong’s pro-democracy newspaper Apple Daily said on Sunday the freezing of its assets in a national security probe had left the newspaper with cash for “only a few weeks” of normal operations and it may struggle to pay staff wages.

The newspaper, whose chief editor and chief executive have been detained under the new security law and whose offices were raided by 500 police officers on Thursday, said the announcement was made in a management meeting on Friday.