NQ calls Muddy Waters allegations "false,"

|About: NQ Mobile Inc. (NQ)|By:, SA News Editor

NQ Mobile (NQ -47.2%) has issued a brief statement about the detailed fraud allegations provided in Muddy Waters' report. The Chinese mobile app developer calls the allegations "false," and says it will provide "a more detailed response" before the market's Friday open.

Shares remain halted after crashing in response to the report.