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NEXT DIGITAL Extends Rally to 23%; Reasons Unknown by Company
NEXT DIGITAL (00282.HK) extended rally of 23% to $0.3, on volume of 85.62 million shares. The stock once shot up 35% at most to peak at $0.33, after releasing reasons unknown for unusual price and trading volume movements.
The Board confirmed that it is not aware of any reasons for these price and volume movements or of any information which must be announced or of any inside information that needs to be disclosed. Yet, The Board noted the Online Subscription as alleged by Lai Chee Ying in the Articles. The Company introduced free online membership for Apple Daily and Taiwan Apple Daily in April 2019. People who have already registered can continue accessing online news articles by paying HK$3 or NT$10 for a trial subscription of Apple Daily or Taiwan Apple Daily starting from 17 June 2019 respectively. The Company will formally charge a monthly subscription fee from September 2019.
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