Edition:
United Kingdom

Borqs Technologies Signs LoI To Acquire Electric Vehicle Control Co


Wednesday, 10 Jan 2018 

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​. 

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13 Sep 2019