Key Developments: NQ Mobile Inc (NQ)

NQ on New York Consolidated

8.94USD
24 Oct 2014
Price Change (% chg)

$0.33 (+3.83%)
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Latest Key Developments (Source: Significant Developments)

China Telecom adopts NQ Mobile vLife Technology for Mobile Cloud Platform
Wednesday, 20 Aug 2014 08:40am EDT 

NQ Mobile Inc:Announces a partnership with China Telecom that will bring NQ Mobile's vLife technology to China Telecom's E Surfing product.VLife will power the user interface for the mobile cloud platform, enabling China Telecom to present dynamic content, recommendations and promotions across video wallpapers, lock screen wallpapers and theme galleries.  Full Article

NQ Mobile Inc announces CFO change
Friday, 15 Aug 2014 02:08am EDT 

NQ Mobile Inc:Says KB Teo,CFO of company, has resigned from his position effective Aug. 22.Says Vincent Wenyong Shi, Co-Founder and Chief Operating Officer, will take over as acting CFO until suitable replacement is found.  Full Article

NQ Mobile Inc announces receipt of non-binding proposal to acquire all outstanding shares
Wednesday, 30 Jul 2014 03:08am EDT 

NQ Mobile Inc:Receives non-binding proposal from Bison Capital Holding Company Limited to acquire all of NQ's outstanding ordinary shares and American Depositary Shares.Bison has proposed a fixed cash consideration of $9.80 per ADS.  Full Article

NQ Mobile engages Marcum Bernstein & Pinchuk LLP as its independent auditor
Friday, 18 Jul 2014 07:08am EDT 

NQ Mobile Inc:Says it has engaged Marcum Bernstein Pinchuk LLP (MBP) as its independent Registered Public Accountant.The Company's Audit Committee has dismissed PricewaterhouseCoopers Zhong Tian LLP (PwC) as independent auditor.Effective immediately, the Company's Audit Committee has engaged MBP as its new independent auditor with respect to fiscal year 2013 and subsequent periods.Following consultation with PwC, the company's Audit Committee confirms that there is no disagreement between the company and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.  Full Article

NQ Mobile Inc announces sale of a minority interest investment in its subsidiary, NationSky
Tuesday, 10 Jun 2014 09:08am EDT 

NQ Mobile Inc:Announces that it has entered into a definitive agreement to sell a minority interest in its wholly owned subsidiary, Beijing NationSky Network Technology, Inc.Signed a definitive agreement to sell 3.40 pct of NationSky for $18 million, at a pre-money valuation of $500 million or post-money valuation of $530 million, to Beijing Guorun Qilian Venture Capital Center.  Full Article

NQ Mobile Inc announces sale of minority interest investment in its Subsidiary, FL Mobile
Friday, 30 May 2014 09:29am EDT 

NQ Mobile Inc:Announced that it has entered into a definitive agreement to sell a minority interest in its wholly owned subsidiary, FL Mobile.Signed a definitive agreement to sell up to 5.88 pct of FL Mobile, or up to a total of $25 million, consisting of $15 million to Bison Mobile Limited and $10 million from other investors, at a pre-money valuation of $400 million or post-money valuation of $425 million.  Full Article

NQ Mobile Inc raises Q1 2014 revenue guidance; gives Q2 2014 revenue guidance above analysts' estimates
Friday, 30 May 2014 09:27am EDT 

NQ Mobile Inc:Expects Q1 2014 net revenues to exceed the previously announced revenue guidance range of $75-$76 mln, an increase of over 125 pct over the prior year comparable period.Expects Q2 2014 net revenues to be between $83 to $84 mln.Q1 2014 revenue of $75 mln - Thomson Reuters I/B/E/S.Q2 2014 revenue of $79 mln - Thomson Reuters I/B/E/S.  Full Article

NQ Mobile Inc gives Q1, FY 2014 revenue guidance above analysts' estimates
Thursday, 10 Apr 2014 05:06pm EDT 

NQ Mobile Inc:Expects Q1 2014 net revenues to be between $75 and $76 million.Expects FY 2014 net revenues to be between $320-$325 million.Q1 2014 revenue of $66 million - Thomson Reuters I/B/E/S.FY 2014 revenue of $294 million - Thomson Reuters I/B/E/S.  Full Article

NQ Mobile Inc and Smartfren launch preloaded mobile security app, Smartshield
Monday, 17 Mar 2014 09:03am EDT 

NQ Mobile Inc:Preload agreement with PT Smartfren Telecom, Tbk (Smartfren).Deal broadens distribution of NQ Mobile's privacy and security apps through pre-installation on Smartfren's Android smartphones as well as through its app store.NQ Mobile Security will be available from Smartfren under name Smartshield.  Full Article

NQ Mobile Inc's subsidiary to provide enterprise mobility solutions to the Agricultural Bank of China's Shandong Branch
Thursday, 13 Feb 2014 09:03am EST 

NQ Mobile Inc:Says its subsidiary, Beijing NationSky Network Technology, Inc. (NationSky), has entered into an agreement to provide its NQSky enterprise mobility solutions to the Shandong Branch of the Agricultural Bank of China.Says its NQSky mobile enterprise management system will be deployed on about 6,000 Android mobile devices to provide the bank positioning, monitoring and information push services.Says the project is currently in the implementation phase and is expected to be fully operational in the second quarter of this year.  Full Article

NQ Mobile says gets buyout offer from Bison Capital

- Chinese mobile security software maker NQ Mobile Inc said it received a buyout offer from investment firm Bison Capital Holding Co for about $490 million.

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