Deals
China MediaExpress CFO Resigns, Auditor Calls for Inquiry
This article is for subscribers only.
China MediaExpress Holdings Inc., the provider of advertising on buses in China whose stock has been halted since March 11 after losing 48 percent in six weeks, said Chief Financial Officer Jacky Lam and auditor Deloitte Touche Tohmatsu resigned.
The Hong Kong-based company will delay its fourth-quarter results and miss the March 16 deadline for filing its annual 10-K report with the U.S. Securities and Exchange Commission, the company said in a statement today. Nasdaq changed the reason for its halt from news pending to a request for added information.