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Stock Market & Financial Investment News

News Breaks
May 23, 2014
13:14 EDTCMGEChina Mobile Games price target lowered to $27 from $45 at Brean Capital
Brean Capital cut its price target on China Mobile Games, citing lower margin assumptions due to an unfavorable mix shift. However, the firm thinks the company's Q1 results were solid and expects it to benefit from strong growth domestically and its recent move into overseas markets. The firm keeps a Buy rating on the shares.
News For CMGE From The Last 14 Days
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August 18, 2014
09:03 EDTCMGEOn The Fly: Pre-market Movers
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07:43 EDTCMGEChina Mobile Games sees Q3 revenue RMB 330M-RMB 350M
07:42 EDTCMGEChina Mobile Games reports Q2 EPS 27c, one estimate 21c
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06:20 EDTCMGEChina Mobile Games management announces intention to repurchase RMB10M shares
The company has been informed that Shuling Ying and Ken Jian Xiao, the company's CEO and Director, intend to individually purchase RMB10M each of the company's American Depositary Shares.
06:18 EDTCMGEChina Mobile Games appoints Shuling ying to COO effective immediately
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August 14, 2014
07:47 EDTCMGECMGE announces Independent Committee probe completed
China Mobile Games and Entertainment announced that the Independent Committee of the Board of the company has completed its review of market rumors of possible bribery. As previously announced, the Independent Committee was formed on June 20 and is comprised of the four independent directors of the company. The Independent Committee retained Simpson Thacher & Bartlett to assist it in conducting the independent review.The independent review included interviews with relevant personnel and a review of documents, digital information and data extract through procedures recommended by Simpson Thacher. The foregoing investigation did not find any evidence that suggested CMGE or anyone at CMGE had engaged in bribery. The Independent Committee therefore advised CMGE's Board of the completion of its investigation.

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