March 24 (Reuters) - NQ Mobile Inc
* Jiutian has entered into a termination and share purchase agreement with Jiutian and a subsidiary of company
* Pursuant to agreement, shi will acquire 22% equity interest in FL mobile by terminating relevant contractual arrangements
* Shi will pay company a total consideration of RMB880 million
* Expects to receive 50% of total consideration, or RMB440 million , within 60 business days from date of agreement
* Board of directors and audit committee have approved agreement and Jiutian transaction
* NQ mobile inc. provides an update on the FL mobile divestment Source text for Eikon:
Our Standards: The Thomson Reuters Trust Principles.