China Mobile Games drops after reportedly removing executives Shares of China Mobile Games are down 24% to $14.35 after the company reportedly removed a total of nine executives, including President Ying Shuling. The news was reported by Sina Tech, according to Bloomberg. Nomura says China Mobile indicated the nine managers were removed for alleged involvement in bribery within its game publishing business.
News For CMGE From The Last 14 Days
Check below for free stories on CMGE the last two weeks.
China 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.