Yeebo Int'l (HKG:259) disclosable transaction - sells some shares in Nantong Jianghai
TL;DR
Yeebo Int'l sold a 15% stake in Nantong Jianghai for RMB 2.4 billion, retaining 13.81% ownership. The disposal, completed on January 13, 2025, is part of strategic portfolio optimization, with proceeds earmarked for business development or dividends.
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Yeebo Int'l (HKG:259) disclosable transaction - sells some shares in Nantong Jianghai
Yeebo Int’l Completes RMB 2.4 Billion Disposal of Nantong Jianghai Shares
Yeebo (International Holdings) Limited (HKG:259) has completed the disposal of a 15% equity stake in Nantong Jianghai Capacitor Co., a Shenzhen Stock Exchange-listed company, for a total consideration of RMB 2.4 billion (approximately $337 million) according to S&C Law Firm. The transaction, announced previously, constitutes a "very substantial disposal" under Chapter 14 of the Hong Kong Listing Rules and was finalized on January 13, 2025.
The disposal was executed through Yeebo's wholly owned subsidiary, Billion Power Investment, and marks a strategic move to crystallize gains from its equity investment in Nantong Jianghai. Proceeds from the sale will support Yeebo's business development initiatives or potential shareholder dividend distributions, according to the company's disclosure. Following the transaction, Yeebo retains a 13.81% equity interest in Nantong Jianghai, maintaining its significant stake in the capacitor manufacturer.
The transaction was advised by S&C Law Firm, with a team led by Kay Ian Ng, specializing in Hong Kong law matters related to the disposal. Yeebo has a history of incremental share disposals in Nantong Jianghai, with prior announcements dating to 2022. The latest completion aligns with broader corporate strategy adjustments, though the company has not disclosed specific future plans for the proceeds.
As of February 2026, investors may assess the impact of this disposal on Yeebo's financial flexibility and focus on its core business—manufacture and sales of liquid crystal displays. The transaction underscores ongoing strategic reviews by Yeebo to optimize its investment portfolio.
According to S&C Law Firm: S&C Advises Yeebo in RMB 2.4 Billion Disposal of Nantong Jianghai Shares
According to Yeebo's announcement: Nantong Jianghai Announcements (Yeebo website)
