January 22, 2018 / 2:17 PM / a month ago

BRIEF-Borqs Technologies Announces Investment In Shenzhen Crave Communication

Jan 22 (Reuters) - Borqs Technologies Inc:

* BORQS TECHNOLOGIES ANNOUNCES INVESTMENT INTO A MAJOR EMS IN CHINA – SHENZHEN CRAVE COMMUNICATION

* BORQS TECHNOLOGIES- SIGNING OF DEAL TO BUY 13.8% OF SHENZHEN CRAVE COMMUNICATION CO. LTD, AFFILIATED BUSINESS ENTITY, COLMEI TECHNOLOGY INTERNATIONAL

* BORQS TECHNOLOGIES - DEAL FOR $13 MILLION ‍,CONSISTING OF $3 MILLION IN CO‘S ORDINARY SHARES TO BE ISSUED AT CLOSING AND $10 MILLION IN CASH TO BE PAID OVER 3 YEARS​ Source text for Eikon: Further company coverage:

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