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Sungy lower after president resigns

Oct. 20, 2014 12:13 PM ETSungy Mobile Limited (GOMO) StockBy: Eric Jhonsa, SA News Editor
  • Four days after announcing major job cuts, Sungy Mobile (NASDAQ:GOMO -2.5%) states president/director Xiangdong Zhang has resigned to "pursue his entrepreneurial endeavors." He'll remain a consultant to the company.
  • Also: 1) COO Yingming Chang is giving up his positions on two board committees to meet Nasdaq listing standards for independent directors. 2) Xiangguang Zou, a VP at Chinese IT services firm Pactera, is joining the board.

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