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Yeebo (International Holdings) Limited ( (HK:0259) ) has provided an announcement.
Yeebo (International Holdings) has further trimmed its stake in Nantong Jianghai, with wholly owned unit Billion Power selling an additional 0.84% interest, or 7,108,478 shares, on the Shenzhen Stock Exchange for RMB213.75 million in cash at an average price of about RMB30.07 per share. Together with an earlier 1.16% selldown, Yeebo has disposed of 2% of Nantong Jianghai during the review period but still holds 11.81%, and plans to redeploy proceeds into expanding its core display and AI compute businesses, while the aggregated disposals trigger discloseable transaction requirements under Hong Kong listing rules.
The most recent analyst rating on (HK:0259) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on Yeebo (International Holdings) Limited stock, see the HK:0259 Stock Forecast page.
More about Yeebo (International Holdings) Limited
Yeebo (International Holdings) Limited is a Bermuda-incorporated investment holding company whose group operations focus on manufacturing and selling liquid crystal displays, LCD modules, thin film transistor modules and capacitive touch panel modules, alongside providing AI compute and related services. The group also holds strategic equity investments, including a remaining 11.81% stake in Shenzhen-listed capacitor maker Nantong Jianghai.
Average Trading Volume: 756,759
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.23B
Learn more about 0259 stock on TipRanks’ Stock Analysis page.