New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 21, 2014
06:34 EDTCMGEChina Mobile Games 3.442M share Secondary priced at $24.00
Credit Suisse acted as lead book running manager for the offering.
News For CMGE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 20, 2015
11:59 EDTCMGEChina Mobile Games management to meet with Roth Capital
Subscribe for More Information
January 16, 2015
08:57 EDTCMGEChina Mobile Games responds to allegations made by short seller
China Mobile Games and Entertainment Group issued the following statement in response to allegations made by a short seller on January 15: The company believes that the allegations made contain numerous errors, unsupported speculation and incorrect interpretations of facts and circumstances. Neither the company nor, to the best of the company's knowledge, any member of its management controls Shenzhen Zhongzheng Ruanyin Science & Technology, a mobile game advertising agent in China, and the company at the center of the short seller's allegations. The company's transactions with Zhongzheng have been conducted and will continue to be conducted in the ordinary course of business and on an arm's length basis. Moreover, the company's revenue derived from business with Zhongzheng for the first three quarters of 2014 accounted for less than 1.0% of the company's total revenue for the period, and payments made to Zhongzheng for the first three quarters of 2014 accounted for approximately 3.0% of the company's operating expenses for the same period. The company intends to take all appropriate legal actions to defend itself against these malicious allegations and to protect the interest of its shareholders.
January 15, 2015
13:36 EDTCMGEChina Mobile Games accused of overstating revenues by GeoInvesting
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use