Yu Ho Yota stake acquisition entertainment continued suspension

Updated: October 19, 2015  Views: 43

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Sina Financial News October 19 message, the Royal City of Entertainment (00164.HK) announced, with an independent third party Telconet Capital Limited Partnership entered into sale and purchase agreement on Feb. 8, the Company has conditionally agreed to acquire $ 100 million cost of Yota 64.9 % of the issued share capital.

Yota company mainly engaged in the design, development, marketing and sales 'Yota' brand of smart phones and other connected devices (such as a modem).

Yu Ho Entertainment said it is preparing a publication, and will be eligible to resume trading after the approval of the Stock Exchange, now remain suspended pending the release of this announcement. (Natural)

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