 Borqs Technologies, Inc. BRQS, the Company, or Borqs, a global leader in embedded software and products for the Internet of Things IoT industry, today announced that the Company has completed the due diligence process as requested by the lenders of a line of credit up to US150 million see Company release on April 13, 2020 for working capital needs for the Companys customer pre-orders forecasted at over US100 million. The line of credit will become available upon the final approval procedures of the lenders based on the pre-orders received by the company. 