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It’s known as the “King of Africa” for its status as the continent’s leading smartphone maker. But a recent drama involving Transsion Holdings (688036.SH) has move the spotlight back to the company’s home base in China.
The tense times began around two weeks ago, when CFO Xiao Yonghui was detained on suspicion of unspecified illegal activity, the company said in a statement dated Sept. 7. But the drama abruptly ended last week when Transsion provided an update saying Xiao had been released and resumed his duties as CFO.
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