BEIJING, Dec. 14, 2017 /PRNewswire/ -- NQ Mobile Inc.
("NQ Mobile" or the "Company"), a leading global
provider of mobile internet services, today announced that it has
completed the FL Mobile Divestment and the Sale of Showself's Live
Social Video Business. The Company today received additional
approximately RMB1.97 billion of
consideration for the transaction, consisting of approximately
RMB200 million in cash and
RMB1,770 million in a senior note
from Tongfang Investment Fund Series SPC (the "Investor"),
an affiliate of Tongfang Securities Limited, a part of Tsinghua
Tongfang. This brings the total consideration received to
approximately RMB3.32 billion, or
100% of the agreed upon price pursuant to the definitive agreements
between the Company and the Investor in March 2017. As compensation to the Company, the
senior note issued to the Company bears an interest of 8% per
annum. This one-year senior note may be extended by another 12
months at the Company's option, and can be redeemed early by the
Investor for principle plus accrued interest to the Company at any
time.
About NQ Mobile
NQ Mobile Inc. (NYSE: NQ) is a leading global provider of mobile
internet services. NQ Mobile's portfolio of offerings includes
mobile game publishing platforms, mobile advertising platforms,
mobile entertainment applications and platforms, mobile security
and productivity applications and other mobile applications. For
more information on NQ Mobile, please visit http://www.nq.com.
Forward Looking Statements
This news release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. All statements other than statements of historical fact
in this press release are forward-looking statements and involve
certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements.
These forward-looking statements are based on management's current
expectations, assumptions, estimates and projections about the
Company and the industry in which the Company operates, but involve
a number of unknown risks and uncertainties. Further information
regarding these and other risks is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and actual
results may differ materially from the anticipated results. You are
urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not
to place undue reliance on such forward-looking statements, which
are qualified in their entirety by these cautionary statements.
Investor Relations:
NQ Mobile Inc.
Email: investors@nq.com
Phone: +1 469 310 5281
Phone: +86 10 6452 2017
Twitter: @NQMobileIR
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SOURCE NQ Mobile Inc.