Our News

NQ Mobile Inc. successfully completed the offering of US$172.5 Million of Convertible Senior Notes

Category: Our News 2013.10.22

NQ Mobile Inc. (NYSE: NQ) (“NQ”) has successfully completed the offering of 4% convertible senior notes due 2018 in the aggregate principal amount of US$172.5 million (“the Notes”) in October 2013. Our firm acted as NQ’s Hong Kong legal advisor in the offering of the Notes.

NQ is a leading global provider of mobile Internet services which provides mobile security products and services to individuals, families and enterprises to over 240 million smartphone users from over 150 countries as at the third quarter of 2012. According to the results of “Current Situation and Trends of the PRC Mobile Security Market” conducted by SINO Market Research Ltd. in the second quarter of 2013, NQ obtained 63% market share and leaded the market. In 2011, NQ was granted the “Technology Pioneer Award by World Economic Forum” and named one of the “Top 10 innovative enterprises that will change people’s life in the future” by Time Magazine.