China Electric Motor (CEM) was the product of a reverse merger which listed on the NASDAQ in January 2010. Just over a year later, in March 2011, the company's auditor resigned, alleging fraud. This prompted a share price collapse. The company failed to respond to any of the allegations and went dark. It was delisted from the NASDAQ in June 2011 and had its registration revoked in August 2014.

Lsat updated August 2021

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