Yu Ho entertainment intend to buy the smart phone business involving $ 100 million

Updated: October 19, 2015  Views: 37

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Sina Financial News October 19, according to reports Finet, the Royal City of Entertainment Holdings (00164-HK) announced that the company and an independent third party Telconet Capital Limited Partnership entered into sale and purchase agreement on October 8, whereby the company It has conditionally agreed to acquire $ 100 million in cash in cash Yota64.9% of the issued share capital of the company at the same time with the seller Yota Holding MTH laid down and put option agreement to purchase the remaining stake in Yota to them.

Yota is 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 Holdings suspended on October 8, and the continued suspension of trading. (Natural)

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