Brief: Borqs Technologies To Establish With The U.S. Government A Plan To Divest Its Ownership Of Holu Hou Energy Due To Deemed Critical Technology

Borqs Technologies

19/12/2022 21:40

Dec 19 (Reuters) - Borqs Technologies Inc  BRQS.O :
    * BORQS TO ESTABLISH WITH THE U.S. GOVERNMENT A PLAN TO
DIVEST ITS
OWNERSHIP OF HOLU HOU ENERGY DUE TO DEEMED CRITICAL TECHNOLOGY
    * BORQS TECHNOLOGIES - CO IS REQUIRED TO NEGOTIATE WITH
CFIUS TO
FULLY DIVEST ITS OWNERSHIP INTERESTS AND RIGHTS IN HOLU HOU
ENERGY LLC
    * BORQS TECHNOLOGIES - INTENDS TO COMPLY TO REQUIREMENTS
FROM
CFIUS AND ENTER INTO A NATIONAL SECURITY AGREEMENT WITH VARIOUS
DEPARTMENTS OF U.S. GOVERNMENT

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