REX Global Entertainment Holding has acquired a 30% stake in Yota Devices Ltd.

REX Global Entertainment Holding has acquired a 30% stake in Yota Devices Ltd. (Yoya) from Telconet Capital Limited Partnership for US$46.2 million.

REX Global Entertainment Holdings Limited is a company incorporated in Bermuda with limited liability, listed on the Main Board of the Hong Kong Stock Exchange. The group is principally engaged in the entertainment business which includes a cruise ship management business and gamma ray irradiation services.

Founded in 2011, Yota is incorporated in the Cayman Islands with limited liability. The firm 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.

Telconet Capital Limited Partnership is an investment holding registered and existing under the laws of the Cayman Islands.

Oaklins' team in Hong Kong acted as financial advisor to the buyer in this transaction.