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Lack of cash: Demosisto leader drops plan to run in Hong Kong Legislative Council elections

Occupy protester Oscar Lai decides against seeking a Legco seat from Kowloon East, leaving the party with just one candidate on Hong Kong Island

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Demosisto vice-chairman Oscar Lai (right) decides against seeking a Legislative Council seat. Photo: Reuters

A student leader from the Occupy movement has given up plans to run for a Legislative Council seat in September due to inadequate donations.

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Demosisto, a new political party formed by four Occupy student leaders, announced its decision to drop vice-chairman Oscar Lai Man-lok and field only one candidate in the election.

“As a new party without the support of corporates, we hoped to raise enough money through crowd funding to contest two geographical constituencies,” a party statement read.

The group raised HK$1.4 million in the past three months. However, the total dropped to less than HK1 million after deducting rent and other basic expenses.

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“We therefore feel that we should focus our resources on the Hong Kong Island constituency to better spread the idea of self-determination and Anyone But [Chief Executive] CY [Leung],” it added in the statement.

Nathan Law Kwun-chung, another Occupy student leader and chairman of Demosisto, is eyeing Hong Kong Island. Lai, a former member of the suspended student group Scholarism, originally planned to run in Kowloon East.

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