China Mobile Hit With $48M Suit Over Exchange Delisting
By David McAfee ( January 8, 2013, 9:45 PM EST) -- China Mobile Media Technology Inc., founder Zhang Zhengyu and principal Magical Insight Investments Ltd. were hit Monday in New York state court with a lawsuit filed by two investment companies over $48 million they say is owed after China Mobile broke an agreement requiring the technology company to be consistently listed on a stock exchange....
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