The fraudulent acts alleged by the Network Qin without muddy water

Summary: View the latest quotes Sina science and technology news Beijing Time, June 4, the Network Qin (NYSE:NQ) today published the Independent Special Committee on the Muddy Water (Muddy Waters) Short report of the findings. Muddy Waters released last October 24 reported that the Network Qin in its city to view the latest market

Time of June 4 Evening News, the Network Qin (NYSE:NQ) today announced the independent Special Committee of the Company's murky water (Muddy Waters) The results of the short report.

Muddy Waters released last October 24 reported that the NetQin in its market share, product safety, balance sheet, business acquisition and other aspects of fraud or fabricated behavior. NetQin convened a conference call on October 25 to counterattack and set up an independent special committee to investigate the matter.

November 1, the Network Qin announced the employment of law firms Shearman & Sterling to launch an independent investigation, and Shearman & Sterling also hired Deloitte accounting firm as a financial advisor.

Network Qin said today, the independent Special Committee's findings show that the Network Qin no muddy water allegations of fraud. There is no evidence that NetQin's revenue and cash volumes do not match the earnings figures.

In Wednesday before the trading, NetQin shares rose about 30%. (Li Ming)