Yeebo (International Holdings) Limited (Stock Code: 259) announced the disposal of 9.90 million shares in Nantong Jianghai (Stock Code: 002484), representing 1.16% of its issued share capital, for a total consideration of RMB278.05 million (approximately HK$313.78 million). The average selling price was around RMB28.08 per share. Following the disposal, Yeebo (International Holdings) Limited continues to hold 107.54 million shares in Nantong Jianghai, equivalent to 12.64% of its issued share capital.
Nantong Jianghai is engaged in manufacturing and trading of aluminium electrolytic capacitors, thin film capacitors, and super capacitors. Its audited financial statements show profit before taxation of RMB0.82 billion and RMB0.74 billion for the years ended 31 December 2023 and 2024, respectively, with profit after taxation at RMB0.71 billion and RMB0.66 billion in the same periods. As of 30 September 2025, Nantong Jianghai reported total assets of RMB8.78 billion, net assets of RMB6.21 billion, and net assets attributable to shareholders of RMB6.14 billion.
Management of Yeebo (International Holdings) Limited indicated that the disposal enables it to realize part of the investment and utilize net proceeds for potential repayment of bank loans, general working capital, and further business development. The transaction is expected to generate an unaudited pre-tax gain of around HK$76.00 million and qualifies as a discloseable transaction under the Listing Rules, as relevant percentage ratios exceed 5% but remain below 25%.