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EXCEED COMPANY LTD. (EDS)

- NASDAQ
  • Aug. 9, 2013, 12:46 PM
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  • Apr. 30, 2012, 1:23 PM
    Shares of Exceed (EDS +74.4%) skyrocket after the company knocks out solid earnings numbers for 2011 in an audited report after accusations of fraud circled around the company last year. The Chinese sporting goods seller shows revenue of $522M and net profit of $74M on a market cap that still stands south of $100M.
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  • Aug. 4, 2011, 10:55 AM
    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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  • Aug. 4, 2011, 10:42 AM
    Exceed (EDS -10%) pares back some its early losses after the company issues a statement defending its financial operations. In a letter to shareholders, CEO Shuipan Lin says the company maintains "a high level of transparency and disclosure, and our financial position and operations remain strong."
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  • Aug. 4, 2011, 9:09 AM
    Chinese apparel manufacturer Exceed (EDS) is down over -20% premarket on fraud accusations from D.B. Research.
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Company Description
Exceed Co Ltd designs, develops and wholesale footwear, apparel and accessories under the Xidelong brand in China.