Information Technology

SGOCO Group, Ltd (TROO US)

Year: 2021

Hong Kong "conglomerate" SGOCO originally listed on the US OTC market as Hambrecht Asia Acquisition in April 2008 before changing its name to SGOCO in 2010 and upgrading to the NASDAQ CM. After a 10-fold share price rise between May and July 2021, short-seller Wolfpack Research published a report accusing the company of embezzlement in August 2021. While SGOCO's share price has fallen more than 60% since the report's publication, it failed to prompt any director and/or auditor resignations. As such, the allegations remain unproven.

Last updated August 2022.

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