Comments: NetQin was wrongly assessed by the market share price is about to rebound

Beijing Time July 16 Evening News, the U.S. Investment Analysis website Seekingalpha Wednesday published an article said, two weeks ago, the nyse:nq price of the Net Qin (hanying) is the market to the Chairman of the Audit Committee (Ying Han) to leave the wrong understanding. Therefore, believe that the Net Qin stock price is about to rebound.

Network Qin July 3 announced that the Internal Audit committee Chairman Hanying will leave on July 6. NetQin said that Hanying's departure is for personal reasons, and in the company's role and position has nothing to do, hanying and the company have no differences.

But shorting the muddy water (Muddy Waters) July 6 but issued an open letter that Hanying's departure is not for personal reasons, but the Network Qin's own problem, that is, fraudulent behavior.

But in a few days, Hanying resigned from Wuxi Pharmaceutical Wuxi New Drug Development Co., Ltd. (Wuxi PharmaTech) for personal reasons, to prove that his departure from NetQin was not for other reasons.

This means that the market initial analysis of hanying from the NetQin is wrong. Hanying's resignation from a number of companies means things are not what people had imagined. If Hanying thinks there is a problem in netqin, why should he resign from other company positions?

In addition, although the Network Qin Independent audit agency PwC to request to NetQin, need to implement additional procedures to broaden the scope of the 2013 audit work, but PwC is still the independent auditor of the Qin, the two sides are working to complete the filing annual table. If the relationship between the two companies deteriorates, PwC may have already left.

Therefore, believe that the Net Qin stock price is about to rebound. (Li Ming)