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Stock Market & Financial Investment News

News Breaks
July 7, 2014
13:20 EDTNQNQ Mobile says 'determined to reinitiate regular updates with investors'
NQ Mobile stated in a post to its corporate blog that "We recognize that the past three months have marked a sequence of unintended disappointments around the timing of events and related communications...However, today’s IR update marks the beginning of a determined effort to reinitiate regular updates with investors." The company added that ti will begin to provide the market with updates related to the various consumer and enterprise businesses "more consistent with what we were doing as an IR department previously." NQ concluded by saying: "We are working diligently toward the completion of our 2013 financial audit. We are pursuing many avenues to continue the strong expansion of our many businesses. We are determined to do what is needed to regain the confidence and trust of the capital markets. We are committed to working through this difficult period until our annual audit can be completed and look forward to reinitiating more frequent updates about our business to investors through emails and blog posts." Reference Link
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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