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Stock Market & Financial Investment News

News Breaks
July 6, 2014
21:03 EDTNQNQ Mobile has likely already decided to fire PwC, Muddy Waters says
NQ Mobile has likely already decided to fire its auditor PwC, Muddy Waters says in a new report on the company. The short selling research firm added, "We believe NQs misleading statement that PwC wants to expand the scope of the audit, and that the board is reviewing the request, is merely to create a pretext for NQ to change auditors...While the long-term game for NQ is to avoid becoming another tombstone in the graveyard of China frauds, we expect that insiders will continue to make more acquisitions in order to drain the company of value." Reference Link
News For NQ From The Last 14 Days
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February 2, 2016
06:13 EDTNQNQ Mobile appoints Justin Chen as president, General Counsel
NQ Mobile announced the appointment of Justin Chen as its president and General Counsel effective as of February 2. The appointment of Chen, former independent director, to president and General Counsel necessitated a number of other changes to the company's board. While Justin Chen remains as a director of the board, he has resigned from his positions as a member of each of the audit committee, compensation committee and corporate governance and nominating committee of the board. To fill in the vacancies, the company has appointed Dr. Ethan Hu as an independent director, the Chair of the audit committee and a member of each of the compensation committee and the corporate governance and nominating committee of the board, effective as of February 2. Justin Chen has served as the cmpany's director since July 2014.

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