Yeebo (International Holdings) Limited (HK:0259) has released an update.
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Yeebo (International Holdings) Limited announced the approval by Zhejiang SASAC of the transfer of 127,578,590 shares in Nantong Jianghai at RMB19 per share, reducing the sale from a previously planned 20% to 15% of the company’s issued shares. This move will result in Nantong Jianghai ceasing to be an associate of the Yeebo Group, as the company continues to hold a 13.81% stake post-transaction. Shareholders and potential investors are advised to remain cautious as the completion of the sale is still subject to further conditions.
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