Kylin Management Increases Stake In NQ Mobile Inc (NQ) – ValueWalk Premium
NQ Mobile

Kylin Management Increases Stake In NQ Mobile Inc (NQ)

Kylin Management has increased its position in NQ Mobile Inc (ADR) (NYSE:NQ), giving it a 6.2% stake in the company, according to a recent 13G filing. Kylin already had a small stake in the company, but is now clearly taking a bullish position, increasing from 346,500 to 9,569,980 common shares with 7,190,370 shares in its Offshore Fund and another 2,375,610 shares in separately managed accounts.

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