HONG KONG — Next Digital, a Hong Kong media company that has published vehement criticism of the Chinese government for decades, said on Sunday that it would take steps to shut down after an official crackdown had left it with no way to operate.
In a statement, the company’s board of directors called for the liquidation of the company and said that they had resigned.
“We have concluded that the best interests of shareholders, creditors, employees and other stakeholders will be served by an orderly liquidation,” it said, adding that it hoped such a move would allow payments to creditors and former staff.
The announcement was the latest in a series of blows to Hong Kong’s once freewheeling press, which has been stifled by the national security law that the mainland Chinese government imposed on the former British colony to quell dissent more than a year ago.
Next Digital’s founder and controlling shareholder, Jimmy Lai, is in…