VanceInfo (VIT) Shares Plunge as SEC Files Subpoena Against Auditor Deloitte Related to Longtop; ISS, ASIA Also React
A number of US-listed China-based companies have moved lower over the last hour of trade following reports the SEC filed a subpoena against Deloitte Touche Tohmatsu related to Longtop Financial (NYSE: LFT). Deloitte is VanceInfo's auditor.
Shares of iSoftStone (NYSE: ISS) and AsiaInfo-Linkage (Nasdaq: ASIA) have also seemed to move on the news.
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Shares of iSoftStone (NYSE: ISS) and AsiaInfo-Linkage (Nasdaq: ASIA) have also seemed to move on the news.
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