The Exceed (EDS -10.5%) fraud accusations are just another black-eye to Nasdaq's due diligence...
The Exceed (EDS -10.5%) fraud accusations are just another black-eye to Nasdaq's due diligence of its China IPO's. The report by D.B. Research alleges the Chinese sports apparel retailer listed on the Nasdaq only after earlier being forced to pull its IPO in Hong Kong due to accusations of "rampant fraud."
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