Yeebo trims Nantong Jianghai stake to fund core display and AI growth
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Yeebo (International Holdings) Limited has sold 9,902,000 shares in Nantong Jianghai, reducing its stake to 12.64%. The sale, amounting to RMB278.0 million, is part of a strategic move to fund growth in its core display and AI businesses. The transaction was executed on the Shenzhen Stock Exchange, and Yeebo plans to comply with disclosure requirements if any buyers are connected persons under Hong Kong listing rules. Nantong Jianghai, a manufacturer of capacitors, has shown strong profitability, highlighting the value of Yeebo's remaining investment.
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