Brief: Borqs Technologies - On March 16, The Co And HHE Entered Into A National Security Agreement With The Department Of Defense And Department Of Treasury

Borqs Technologies

22/03/2023 20:44

March 22 (Reuters) - Borqs Technologies Inc  BRQS.O :
    * BORQS- ON MARCH 16, THE CO AND HHE ENTERED INTO A NATIONAL
SECURITY AGREEMENT WITH THE DEPARTMENT OF DEFENSE AND DEPARTMENT
OF TREASURY
    * BORQS- DIVESTMENT OF CO'S OWNERSHIP INTERESTS AND RIGHTS
IN HOLU
HOU ENERGY SHALL OCCUR WITHIN SIX MONTHS UNLESS EXTENDED BY THE
U.S. GOVERNMENT
    * BORQS- AGREEMENT ALSO CONTAINS STANDSTILL PROVISIONS WHICH
PROVIDE THAT THE COMPANY SHALL NOT ACQUIRE ANY ADDITIONAL
OWNERSHIP INTEREST IN HHE


Further company coverage:  BRQS.O 

 ((Reuters.Briefs@thomsonreuters.com;))