Edition:
United Kingdom

Borqs Technologies Announces Investment In Shenzhen Crave Communication


Monday, 22 Jan 2018 

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​. 

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