Borqs Technologies signs LOI to acquire 60% of Shanghai KADI Machinery

Borqs Technologies signed a Letter of Intent to acquire 60% of Shanghai KADI Machinery Technology Co., Ltd, a developer of embedded software and hardware for electric vehicle control modules, for $15 million in cash and shares over three years.

“Borqs Technologies, Inc. announces the signing of a Letter of Intent to acquire 60% of Shanghai KADI Machinery Technology Co., Ltd.”globenewswire.com

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• globenewswire.comBorqs Technologies Signs Letter of Intent to AcquireBorqs Technologies, Inc.Jan 10, 2018

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