(Reuters) – Media publisher Next Digital Ltd said on Tuesday Hong Kong’s National Security Department confirmed its founder and controlling shareholder, jailed tycoon Jimmy Lai, must not exercise voting rights on shares held by him.
Lai, who owns a 71.26% stake in Next Digital, can only exercise voting rights under the authority of a license granted by the Secretary for Security, according to the Security Department.
(Reporting by Riya Sharma; Editing by Krishna Chandra Eluri)
