Chinese mobile-security software maker NQ Mobile Inc’s Chief Financial Officer KB Teo resigned, citing family reasons, amid a buyout offer and a delay in filing its annual report. NQ Mobile said Teo’s resignation, effective Aug. 22, was not related to the company’s operations, policies or accounting practices. The company has faced repeated allegations of fraud […]
Posts Tagged ‘Muddy Waters Research Group’
15
Aug
2014
(Reuters) – Chinese mobile security software maker NQ Mobile Inc said a special committee had found no evidence of fraud, as alleged by short-seller Muddy Waters Research Group. NQ Mobile’s shares rose about 30 percent in premarket trading. NQ Mobile also said the committee also found no evidence that the company’s revenues and cash balances […]
Category CA TechnologiesTech
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