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Yeebo Announces Acquisition of Target Company

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Yeebo Announces Acquisition of Target Company

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Yeebo (International Holdings) Limited ( (HK:0259) ) has issued an update.

Yeebo (International Holdings) Limited has announced a significant transaction involving the acquisition of a target company through a share transfer agreement. The acquisition involves purchasing 100% of the target company’s issued share capital for a nominal consideration of HK$1. This transaction is classified as a discloseable and connected transaction under Hong Kong’s Listing Rules, requiring shareholder approval and adherence to specific reporting requirements. The acquisition is subject to several conditions, including necessary consents and approvals, and the absence of any material adverse changes in the target company’s business.

More about Yeebo (International Holdings) Limited

YTD Price Performance: 13.94%

Average Trading Volume: 650,469

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: HK$1.85B

For detailed information about 0259 stock, go to TipRanks’ Stock Analysis page.

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