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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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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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