January 10, 2018 / 2:09 PM / a year ago

BRIEF-Borqs Technologies Signs LoI To Acquire Electric Vehicle Control Co

Jan 10 (Reuters) - Borqs Technologies Inc:

* BORQS TECHNOLOGIES SIGNS LETTER OF INTENT TO ACQUIRE ELECTRIC VEHICLE CONTROL COMPANY

* BORQS TECHNOLOGIES INC - CONSIDERATION PROPOSED TO BE PAID BY BORQS FOR 60% OF KADI INVOLVES $15 MILLION IN CASH AND SHARES DISTRIBUTED OVER THREE YEARS

* BORQS TECHNOLOGIES - ‍ ANNOUNCES SIGNING OF A LETTER OF INTENT TO ACQUIRE 60% OF SHANGHAI KADI MACHINERY TECHNOLOGY CO​

* BORQS TECHNOLOGIES SIGNS LETTER OF INTENT TO ACQUIRE ELECTRIC VEHICLE CONTROL COMPANY

* BORQS TECHNOLOGIES INC - ‍BORQS IS CONTEMPLATING A PUBLIC OFFERING OF SHARES IN COMING MONTHS TO SUPPORT CASH INVESTMENT NEEDS FOR KADI ACQUISITION​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below