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Stock Market & Financial Investment News

News Breaks
January 21, 2014
06:11 EDTNQAltimeter reports NQ Mobile stake of 9.9% with rights to acquire 7.4% more
Altimeter Capital disclosed that it owns 9.9% of NQ Mobile's outstanding shares with the right to acquire 16.167M Class A shares, representing an additional 7.4% of such class of security. The total stake, including the rights to acquire more shares, equals 17.3% of NQ's outstanding shares. Altimeter reported a 9.85% stake on January 15.
News For NQ From The Last 14 Days
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November 18, 2015
06:58 EDTNQNQ Mobile enters into binding agreement to sell Beijing Tianya
NQ Mobile announced it has entered into a legally binding agreement to sell 100% of the equity interest in Beijing Tianya , which operates NQ Mobile's mobile health applications related business, to Tack Fiori International Group, a Cayman Islands company listed in Hong Kong, for an aggregate consideration of $40M. Beijing Tianya is a wholly owned subsidiary of Beijing NQ Technology Co., Ltd., NQ Mobile's consolidated affiliated entity in China. The company's board has approved both the transaction and the Agreement. The closing of the transaction is subject to the condition that Tack Fiori obtains the necessary approvals, including shareholder approval, to complete the transaction, as well as additional customary closing conditions, and the satisfaction and compliance of all relevant requirements under the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange Limited.

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