Yeebo (International Holdings) Limited (259) Announces Disposal of 1.16% Stake in Nantong Jianghai (002484)

Bulletin Express
Feb 25

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%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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