NEW YORK: Link Motion Inc chief executive officer Zemin Xu and two other top executives are resigning, the latest shake-up at the Chinese connected-car company that was targeted by short-seller Muddy Waters LLC.
Jia Lian has been appointed acting CEO to restructure management as part of new agreements with Zhongzhi Hi-Tech Overseas Investment Ltd, Link Motion said in a statement late Friday. CFO Roland Wu and general counsel Justin Chen, who also served as president, are also stepping down.
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