BEIJING, May 31, 2017 /PRNewswire/ -- NQ Mobile Inc.
(NYSE: NQ) ("NQ Mobile" or "the Company"), a leading global
provider of mobile Internet services, today provided an update on
the FL Mobile Divestment. The Company was notified by Tongfang
Investment Fund Series SPC (the "Purchaser") that additional time
is needed for making the payment of the remaining purchase price
for the sale of FL Mobile Jiutian Technology Co., Ltd. and Beijing
Showself Technology Co., Ltd (the "Transactions"). The Purchaser
has further communicated its confidence to the Company and is
making final preparations for completing the Transactions. The
Company will continue to work with the Purchaser to close the
Transactions as soon as possible.
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 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
+86 10 6452 2017
Twitter: @NQMobileIR
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SOURCE NQ Mobile Inc.