NQ Mobile (NQ) Provides Update on FL Mobile Divestment; Shenzhen Prince to Acquire Entire Stake of FL Mobile
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NQ Mobile Inc. Enters into a Definitive Agreement for the FL Mobile Divestment
August 25, 2016 8:20 AM EDTBEIJING, Aug. 25, 2016 /PRNewswire/ -- NQ Mobile Inc. ("NQ Mobile" or the "Company"), a leading global provider of mobile internet services, today announced an update on the FL Mobile Divestment pursuant to the  (i) the binding framework agreement announced on August 26, 2015 between the Company and Beijing Jinxin Rongda Investment Management Co., Ltd. ("Beijing Jinxin"), an affiliate of Tsinghua Holdings Co., Ltd.("Tsinghua Holdings "); (ii) the share purchase agreement announced on May 17, 2016 among Shenzhen Prince New Materials Co., Ltd. ("Shenzhen Prince"), a company listed on the Shenzhen Stock Exchange (stock code: 002735), Dr.... More
