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China Baoli Tec (00164) to add 10% stake in Yota at US$15.5m
China Baoli Technologies (00164) said it agreed
to acquire 10% of the issued share capital of Yota at US$15.5 million.
  Upon completion, the equity stake of the Group in Yota will increase from 30% to 40%.
  Yota commenced its operations in 2011 and is principally engaged in the design, research
and development, production and marketing and sales of high-tech consumer LTE electronics
such as phablets and routers. Its main products are smartphones under the brand
"YOTAPHONE" and other connectivity devices such as modems. 

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