NetPosa is fighting for its existence as the situation worsens for what was once the PRC's largest VMS provider. The firm is being investigated by Chinese securities regulators, has suffered another 90% sales drop, and has seen its embattled and debt-ridden founder resign from the board of directors.
Last year, NetPosa was already under crisis for its many financial and legal issues. In this note, we examine the latest developments for this troubled firm, including:
NetPosa Background: Already Under Crisis
2019 And Q1 2020 Report Dismal
Lower Government Spending, Strong Competition
Police Provider Subsidiaries Hit Hard
CSRC Investigation Of Liu Guang, NetPosa Announced