Earlier sources said the board of directors had requested the Security Bureau to release assets frozen so the company could pay the salaries of its staff members.

Another board meeting will be called on Friday as well to discuss whether to cease operations of Apple Daily.

Leung on social media pointed out that Apple Daily is the main business of Next Digital, which is a listed company, and there have been predictions and rumors regarding the survival of the group and its paper.

All board member of Next Digital bear obligated responsibilities to inform shareholders of the latest operations of the group accurately and publicly, Leung said.

However they failed to perform such legal duties, according to Leung. His lawyer therefore has sent a letter to all board members of Next digital on his behalf, saying that he reserves all right to take any legal actions.