Jun. 4 at 12:32 PM
$BRQSF
Interesting-
Interesting- Youtong Investment Consulting
Company, Ltd is now a 5 percent holder of Borqs with 3,550,763 shares.
However, this entity Youtong Investment Consulting Company, Ltd, a private company limited by shares registered in Hong Kong.
Key Details was only recently incorporated on May 15, 2025 (per google)
It is unclear if Youtong Investment Consulting Companyis directly related or affiliated with Chongqing City Youtong Equity Investment Fund, who has been in a shareholder in Borqs since 2019. In the recent 20-F,
$5.15 M was given to Chongqing City Youtong Equity Investment Fund ("Chongqing Youtong") to settle liabilities.
Any thoughts @Yimmet @DukieFET @jemna