Brief: Borqs Receives Up To $150 Mln Line Of Credit Offer For Serving $100 Mln Large Customer Pre-Orders

Borqs Technologies

13/04/2020 14:20

April 13 (Reuters) - Borqs Technologies Inc  BRQS.O :
    * BORQS TECHNOLOGIES, INC. RECEIVES UP TO US$150 MILLION
LINE OF
CREDIT OFFER FOR SERVING BORQS LARGE CUSTOMER PRE-ORDERS
FORECASTED AT OVER US$100 MILLION
    * BORQS TECHNOLOGIES - ORDERS ARE FOR MOBILE, IOT DEVICES
WITH
CO'S SOFTWARE SCHEDULED FOR DELIVERY BEGINNING IN Q2 2020 &
EXTENDING INTO YEAR 2021
    * BORQS TECHNOLOGIES INC - COMPANY IS FINALIZING FINAL TERMS
AND
WILL DISCLOSE DETAILS OF ABOVE TRANSACTION UPON ITS COMPLETION

Source text for Eikon:  ID:nGNX3c8bc6 
Further company coverage:  BRQS.O 

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