Yeebo Sells 0.84% Stake in Nantong Jianghai for RMB214 Million

Reuters03-03 22:26

Yeebo Sells 0.84% Stake in Nantong Jianghai for RMB214 Million

Yeebo (International Holdings) Ltd said its wholly owned subsidiary Billion Power Investment Limited further sold 7,108,478 shares in Nantong Jianghai Capacitor Company Ltd, representing 0.84% of Nantong Jianghai’s issued share capital, via on market transactions on the Shenzhen Stock Exchange between Feb. 25 and Mar. 2, 2026. The shares were sold for total consideration of RMB213,751,933 in cash (about HK$242 million), at an average selling price of about RMB30.07 per share, excluding transaction costs. Including an earlier disposal of 9,902,000 shares, Yeebo has sold 17,010,478 shares in total, or about 2.00% of Nantong Jianghai, and continues to hold 100,431,932 shares, or 11.81%. Yeebo estimated an unaudited pre tax gain of about HK$71 million and said proceeds are intended for bank loan repayment, working capital and business development.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yeebo (International Holdings) Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260303-12039170), on March 03, 2026, and is solely responsible for the information contained therein.

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