Qiao Xing Mobile Communications was a domestic manufacturer of mobile handsets in China. On April 30, 2012, Qiao Xing Mobile Communication Co Ltd disclosed that it would not be able to file its annual report for the year ended December 31, 2011 “due to delays in obtaining certain required documents and information necessary for its public accounting firm to complete their audit procedures in a timely manner.” Then on May 2, 2012, Qiao Xing Mobile Communication Co Ltd announced the immediate resignation of its Chief Financial Officer. It is not clear what happened at the company.
US District Court: Class Action Complaint, 19 Dec 2012
Qiao Xing: Annual Report 2010