Tag Archives: Muddy Waters

500.com comments on director’s sale of shares under ‘pseudonyms’

SBC News 500.com comments on director's sale of shares under ‘pseudonyms’

Chinese sports lottery operator 500.com limited issued a corporate statement on the sale of company shares by one of its Directors Qi Li under the ‘pseudonyms’ Lionel Rim and John Richard. The operator issued the statement to address concerns reported by investment research firm Muddy Waters, who tweeted on the validity of the share sales conducted by Qi Li. The Muddy …

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