Yeebo Unit Plans to Sell Up to 2% Stake in Nantong Jianghai; Yeebo Shares Jump 5%

MT Newswires Live

01/13

Yeebo (HKG:0259) said its wholly owned subsidiary Billion Power intends to dispose of up to 16.8 million shares in Nantong Jianghai Capacitor (SHE:002484), representing about 2% of the Shenzhen-listed company's issued share capital, according to a Monday Hong Kong bourse filing.

Shares of Yeebo were up over 5% in Tuesday morning trade.

The shares would be sold through block trades within three months starting Feb. 2.

Yeebo currently holds about a 14% equity interest in Nantong Jianghai, the filing showed.

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