NQ Mobile Announces Share Repurchase Plan

NQ Mobile, 11/26/12

Chinese mobile security provider NQ Mobile (NYSE: NQ) today announced that its board of directors has authorized a share repurchase plan under which the company may repurchase up to USD 20 mln of its American Depository Shares (ADSs) over the next 12 months.

The repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. NQ Mobile's board of directors will review the share repurchase plan periodically, and may authorize adjustment of its terms and size. NQ Mobile plans to fund repurchases made under this plan from its existing cash balance.

Keywords: financing mobile security wireless NQ NQ Mobile anti-virus

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily