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NQ Mobile Inc (NQ)

NQ on New York Consolidated

4.05USD
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

NQ Mobile Inc authorizes up to $150 mln buyback program of shares and convertible notes
Monday, 13 Nov 2017 08:38am EST 

Nov 13 (Reuters) - NQ Mobile Inc -:NQ Mobile Inc. announces its board of directors has authorized an up to US$150 million buyback program of shares and convertible notes.NQ Mobile Inc - ‍board authorized buyback program under which co may repurchase up to $150 million of its shares or convertible notes over next 12 months​.NQ Mobile Inc - ‍plans to fund $150 million share or convertible notes repurchases from existing cash balance​.  Full Article

NQ Mobile provides an update on the FL Mobile divestment and the sale of Showself's live social video business
Thursday, 9 Nov 2017 08:38am EST 

Nov 9 (Reuters) - NQ Mobile Inc :NQ Mobile Inc. provides an update on the FL Mobile divestment and the sale of Showself's live social video business.NQ Mobile - ‍Received additional RMB800 million cash which is in addition to RMB150 million cash received at time of signing of definitive agreements on Mar 30.  Full Article

NQ Mobile provides update on divestment of FL Mobile and Showself businesses
Wednesday, 31 May 2017 08:07am EDT 

May 31 (Reuters) - Nq Mobile Inc :Provides an update on the divestment of FL mobile and Showself businesses.NQ Mobile Inc says will continue to work with purchaser to close transactions as soon as possible.NQ Mobile Inc - notified that additional time needed for making payment of remaining purchase price for sale of FL Mobile Jiutian and Beijing Showself.NQ Mobile Inc says purchaser has further communicated its confidence to company and is making final preparations for completing transactions.  Full Article

NQ Mobile reports unaudited financial results for Q4 and FY2016
Thursday, 6 Apr 2017 05:18pm EDT 

NQ Mobile Inc : NQ Mobile Inc. reports unaudited financial results for the fourth quarter and fiscal year 2016 . Q4 revenue fell 25.7 percent to $94.7 million . NQ Mobile Inc - Non-GAAP net loss attributable to NQ Mobile for Q4 of 2016 was $3.4 million or $0.03 per fully diluted ads . NQ Mobile Inc - GAAP net loss attributable to NQ Mobile for Q4 of 2016 was $124.5 million or $1.25 per fully diluted ADS .NQ Mobile Inc - Average monthly active user accounts as of December 31, 2016 were 146.0 million.  Full Article

NQ Mobile reports unaudited financial results for Q3 of 2016
Wednesday, 30 Nov 2016 05:00pm EST 

NQ Mobile Inc : NQ Mobile Inc. reports unaudited financial results for the third quarter of 2016 . Q3 revenue rose 3.6 percent to $91.1 million . NQ Mobile Inc - GAAP net loss attributable to NQ Mobile for Q3 of 2016 was $9.0 million or $0.09 per fully diluted ads .NQ Mobile Inc - Non-GAAP net loss attributable to NQ Mobile for Q3 of 2016 was $0.2 million or $0.00 per fully diluted ads.  Full Article

NQ Mobile announces private placement of $220 million convertible notes
Tuesday, 27 Sep 2016 06:30am EDT 

Nq Mobile Inc : NQ Mobile Inc announces private placement of $220 million convertible notes . Convertible notes will bear interest at a rate of 8.0% per annum from issuance date and mature in october 2018 . Says convertible notes will bear interest at a rate of 8.0% per annum from issuance date and mature in october 2018 . Says Zhongzhi Hi-Tech Overseas Investment Ltd agreed to purchase an aggregate principal amount of $220 million of convertible notes .Co plans to use net proceeds from this private placement for repayment of existing convertible notes and general corporate purposes.  Full Article

NQ Mobile enters into a definitive agreement for FL Mobile Divestment
Thursday, 25 Aug 2016 08:20am EDT 

NQ Mobile Inc : NQ mobile inc. Enters into a definitive agreement for FL Mobile Divestment . Pursuant to agreement, Shenzhen Prince will acquire 45.34% equity interest in FL Mobile beneficially owned by Co for a cash consideration of RMB2,267 million . NQ Mobile Inc says Shenzhen Prince plans to fund transaction by equity financing . Says Shenzhen Prince will equity interest in FL Mobile beneficially owned by company for a cash consideration of RMB2,267 million . Shenzhen Prince will purchase remaining equity interest in FL Mobile held by other parties by issuing its common stock to them. . Will receive 95% of cash consideration within 10 business days of closing of such equity financing and remaining 5% of consideration . Shenzhen Prince will acquire entire stake of FL Mobile for a consideration consisting of cash to Co and newly issued common stock to other parties .NQ Mobile Inc says will receive remaining 5% of consideration within 10 business days after 12 months from date of closing of FL Mobile Divestment.  Full Article

NQ Mobile provides update on FL Mobile divestment
Tuesday, 9 Aug 2016 09:00am EDT 

NQ Mobile Inc : Provides an update on the FL Mobile divestment . Company expects to receive 50% of total consideration from xinjiang Yinghe within 60 business days from date of agreement . Remaining 50% of total consideration will be received by company upon satisfaction of certain conditions and FL mobile divestment . With respect to other 3 deals, expects to get 60% of total consideration from each investor within 15 business days from agreement date .Valuation of entire FL mobile's business stays at RMB 5 billion.  Full Article

NQ Mobile enters into definitive agreement for FL Mobile divestment
Tuesday, 17 May 2016 07:43am EDT 

Nq Mobile Inc : NQ Mobile enters into a definitive agreement for the FL Mobile divestment . Company will receive all cash for FL Mobile Divestment consisting of RMB880.0 million from Dr. Shi . Shenzhen Prince will acquire 64.87% equity interest in FL Mobile beneficially owned by company for a cash consideration of RMB3,243.5 million . Transaction values entire FL Mobile business at RMB5 billion . Shenzhen Prince plans to fund transaction by equity financing and entered into share subscription agreements with potential investors . Shenzhen Prince will purchase remaining equity interest in FL Mobile held by Shi and Jinxin Hengrui by issuing common stock to them . Will receive all cash for FL Mobile divestment from Shi for sale of 22.0% equity interest in FL Mobile . Will receive 95% of cash consideration within 10 days of closing of such equity financing and remaining 5% of consideration .Will receive RMB656.5 million from Jinxin Hengrui for sale of 13.13% equity interest in FL mobile.  Full Article

NQ mobile provides update on the fl Mobile divestment
Friday, 6 May 2016 08:42am EDT 

Nq Mobile Inc : Nq mobile inc. Provides an update on the fl mobile divestment . Company expects to receive 80% of total consideration, or rmb525.2 million , within 15 business days from date of agreement . Remaining 20% of total consideration, or rmb131.3 million , will be received by company before september 30, 2016 .Jinxin hengrui will acquire 13.13% equity interest in fl mobile jiutian technology co., ltd for of rmb656.5 million.  Full Article

BRIEF-NQ Mobile Inc authorizes up to $150 mln buyback program of shares and convertible notes

* NQ Mobile Inc. announces its board of directors has authorized an up to US$150 million buyback program of shares and convertible notes