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. The company’s shares fell as much as 13 percent in early trading on the New York Stock Exchange. NQ Mobile said Teo’s resignation, effective Aug. 22, was […]
Posts Tagged ‘NQ Mobile’
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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 […]
(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 […]
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