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Stock Market & Financial Investment News

News Breaks
January 21, 2014
06:11 EDTNQAltimeter reports NQ Mobile stake of 9.9% with rights to acquire 7.4% more
Altimeter Capital disclosed that it owns 9.9% of NQ Mobile's outstanding shares with the right to acquire 16.167M Class A shares, representing an additional 7.4% of such class of security. The total stake, including the rights to acquire more shares, equals 17.3% of NQ's outstanding shares. Altimeter reported a 9.85% stake on January 15.
News For NQ From The Last 14 Days
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April 21, 2015
09:14 EDTNQNQ Mobile to hold a conference call
Conference call to discuss changes to the company's management team and management structure will be held on April 21 at 9 am. Webcast Link
08:11 EDTNQNQ Mobile announces co-CEO Omar Khan to transition to advisory role
NQ Mobile announced that Omar Khan, current Co-CEO of NQ Mobile, has decided to transition to an advisory role and step down in his capacity as Co-CEO and director of the company, effective as of May 1, 2015. At the same time, Khan will also resign from his position as the CEO of NQ Mobile US, a direct wholly owned subsidiary of the company, and from his other roles within the company. To help with a smooth transition, Khan will remain with the company as an advisor through December 31, 2015. As part of this transition, in order to streamline the management process of the company, the company will also eliminate the Co-CEO management structure. The board has decided to appoint Zemin Xu, the current Co-CEO of the company, to take over as the company's CEO, effective as of May 1, 2015.

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