NQ Mobile CFO resigns, cites family reasons

Chinese mobile-security software maker NQ Mobile Inc's Chief Financial Officer KB Teo resigned, citing family reasons, amid a buyout offer and a delay in filing its annual report. The company's shares fell as much as 13 percent in early trading on the New York Stock Exchange. NQ Mobile said Teo's resignation, effective Aug. 22, was not related to the company's operations, policies or accounting practices. The company has faced repeated allegations of fraud from short-seller Muddy Waters Research Group.



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