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Wednesday, May 25, 2022

Borqs Technologies Inc (BRQS) stock rebounded in the pre-market. Here’s why

Borqs Technologies Inc (BRQS) stock closed the recent trading session at $0.21. BRQS stock remained bearish in the last trading session and lost 3.98% of its value from the previously traded session. On the last check, the stock of BRQS rebounded in the pre-market and gained 22.52% to $0.25 per share. There is no recent news from the company. Borqs Technologies plans to develop and deliver electronic vehicle chargers and products for smart homes. Moreover, the most recent SEC filing by the company was on 1 April 2022. BRQS filed form SC 13G with the SEC.

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Borqs Technologies Inc participates in the advancement of android stage arrangements, hardware items, and mobile virtual organization administrations. The firm gives adaptable, separated, and versatile Android-based smart gadgets and cloud administration solutions. Currently, BRQS has a market cap of $24.18 million and has its headquarters in Shanghai, China.


On 30 March 2022, BRQS and its subordinate, Holu Hu Energy, will mutually create and convey smart items for the electric vehicle and smart home business sectors, beginning with HHE marked EV charger and generator. The HHE Smart Load Panel gives property holders complete incorporated control of significant home burdens, and solar and battery energy supply to empower the most reduced conceivable expense of energy. Borqs and Holu Hu will work together in the plan and conveyance of items that will turn out to be essential for the HHE clean energy complete arrangement alongside its private and business solar-based energy capacity frameworks and create extra revenue.

Also, on 1 April 2022, the company filed form SC 13G with the SEC. The form is filed to report the acquirement of a stake by an individual in the firm. BRQS reported that TDR Capital acquired a 9.9% stake in the firm.

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