Yeebo Loses Board Representation at Key OLED Associate Suzhou QingYue

Yeebo (International Holdings) Limited ( (HK:0259) ) has shared an announcement.

Yeebo (International Holdings) Limited, which owns roughly 28.08% of Suzhou QingYue Optoelectronics listed on Shanghai’s STAR Market, is indirectly exposed to the fast-growing OLED and e-paper display sector via this associate. Suzhou QingYue focuses on advanced display technologies including OLED, e-paper modules and micro-OLED products for a range of electronic applications.

The company announced that executive director Mr. Leung Tze Kuen has resigned as a non-independent director and as a member of both the Strategy Committee and the Audit Committee of Suzhou QingYue. Following his resignation, Yeebo no longer has any representative on Suzhou QingYue’s board, potentially reducing its direct influence over strategic and oversight decisions at the associate despite its significant equity stake.

The most recent analyst rating on (HK:0259) stock is a Hold with a HK$3.50 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 company listed in Hong Kong that, through its group, holds about a 28.08% equity interest in Suzhou QingYue Optoelectronics Technology Co. Ltd. Suzhou QingYue, listed on the STAR Market of the Shanghai Stock Exchange, develops, manufactures and sells OLED displays, e-paper modules and micro-OLED products.

Average Trading Volume: 349,822

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.91B

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