Categories: News

Yeebo Declares a Special Dividend of HKD1.8 per Share

Accelerating Growth in AI and AI Compute

HONG KONG SAR – Media OutReach Newswire – 22 January 2025 – Yeebo (International Holdings) Limited (“Yeebo” or the “Company”, stock code: 259, which together with its subsidiaries is referred to as the “Group”) announced that the board of directors of the Company (the “Board”) resolved to declare a special dividend of HKD1.8 per share today.

The Board declared a special dividend following the Group’s disposal of 127,578,590 shares of Nantong Jianghai (stock code: 002484.SZ), representing approximately 15% of Nantong Jianghai’s issued shares. After the transaction, Yeebo stays on as a strategic shareholder with a substantial 13.81% stake and continues confidence in Nantong Jianghai’s robust growth prospects. As at 22 January 2025, the closing price of Nantong Jianghai was RMB26.77 per share, and the market value of the Group’s interest in Nantong Jianghai was approximately RMB3.1 billion.
The disposal generated net proceeds of approximately HK$2.2 billion, which will enhance Yeebo’s financial strength and catalyze further business expansion and development. The special dividend will be payable on or around 24 February 2025, to the shareholders of the Company whose names appear on the register of members of the Company on 12 February 2025.
Mr. Douglas Fang, Chairman of Yeebo, said, “We are delighted to announce the completion of this transaction and the distribution of a special dividend to our shareholders. This reaffirms our dedication to value creation and the commitment to rewarding our shareholders for their ongoing support. By maintaining a strategic stake in Nantong Jianghai, we anticipate continued benefits from its future growth, delivering even greater rewards to our shareholders.
“We will also use some of the proceeds to further develop our core business. Over the past 18 months, we have also expanded into the field of artificial intelligence (AI) and AI compute, making significant strides in this emerging high-growth area. This advancement will drive future growth and long-term development.”

Hashtag: #Yeebo

The issuer is solely responsible for the content of this announcement.

About Yeebo (International Holdings) Limited

Founded in 1988, Yeebo (International Holdings) Limited is a diversified electronic component company, with a wide range of business interests in flat panel display, OLED and capacitor. Headquartered in Hong Kong, the manufacturing activities largely reside in Guangdong and Jiangsu provinces. With a global sales footprint, Yeebo is able to serve its global customers on a local basis.

Miscw.com

Share
Published by
Miscw.com
11 months ago

Recent Posts

How Shopee’s Affiliate Programme and Content Engine Helped Local Sellers Go Nationwide

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 5 December 2025 - Celebrating 10 years…

5 minutes ago

Breaking Language Barriers: How SIM Prepares Students for International Success

SINGAPORE - Media OutReach Newswire - 5 December 2025 - Language should never stand in…

20 minutes ago

Chinese Epic “Swords Into Plowshares” Debuts at ATF: Eastern Wisdom of Peace Resonates with Global Market

SINGAPORE - Media OutReach Newswire - 5 December 2025 - Huace Group, China's leading film…

20 minutes ago

Global High-End Kitchen Appliance Leader FOTILE Officially Enters Hong Kong

Launches "Smart Kitchen Fund" to Tackle Local Kitchen ChallengesHONG KONG SAR - Media OutReach Newswire…

20 minutes ago

MSIG Malaysia Deepens Nationwide Mangrove Conservation Efforts with Malaysian Nature Society (MNS)

Company Marks Over 10,000 Saplings Planted Since 2019; Supports 1,200 New Plantings with School Eco…

2 hours ago

ZTE and MMU Expand Collaboration to Advance Malaysia’s AI, Cybersecurity, and Digital Talent Development

KUALA LUMPUR, MALAYSIA- Media OutReach Newswire - 5 December 2025 - ZTE Corporation (0763.HK /…

3 hours ago