Sep. 28 at 2:41 PM
$BRQSF PAT CHAN WORDS back to early 2023 “The divestment, when completed, is expected to provide a large liquidity position to Borqs, and management may seek approval from the Board of Directors to allocate an appropriate amount for buy back of our outstanding ordinary shares from the market. We believe the current market price is not reflective of the correct value of the Company.”
“Once the divestment is consummated in the coming months, we plan to evaluate acquisition opportunities in North America, Europe and Asia in such sectors as cloud-based Internet of Things (IoT) and robotic and artificial intelligence (AI) that will bring positive impact to the economy, our society and consumers globally. In the meantime, we will keep our shareholders abreast of further developments.
With my warmest regards,
Pat Chan”
This is unbelievable!