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.

Dash to CartDash to Cart
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.

Yeebo Declares a Special Dividend of HKD1.8 per Share - AlvinologyYeebo Declares a Special Dividend of HKD1.8 per Share - Alvinology

AddThis Website Tools
Adlena Wong

Recent Posts

From Singapore to Tokyo: Alchemist Coffee Makes Japanese Debut with Flagship Cafés in Aoyama and Asakusa

Singapore’s beloved specialty coffee brand Alchemist has officially arrived in Japan, opening its first two…

2 hours ago

Step into the Past with Singapore Odyssea: A Time-Travel Adventure at the National Museum

This SG60, the National Museum of Singapore unveils its spectacular new signature experience: Singapore Odyssea…

4 hours ago

REDMAGIC Astra Gaming Tablet Launches in Singapore from SGD799 – A Powerhouse Built for Gamers

REDMAGIC has officially launched its cutting-edge Astra Gaming Tablet in Singapore, starting from SGD799. Packed…

7 hours ago

The ‘National Tee’ of Singapore? How UNIQLO’s AIRism is Helping Urbanites Beat the Heat and Sweat

As global temperatures rise and urban weather grows more erratic, UNIQLO’s AIRism range has quietly…

12 hours ago

[Review] Under Armour’s Halo Collection Debuts in Singapore, Designed for EverydayAthlete

Under Armour has officially launched its Halo footwear collection in Singapore, seeking to redefine what it means…

13 hours ago

Bhutan Embraces Crypto Tourism with Binance Pay and Over 1,000 Vendors Onboard

Bhutan is stepping boldly into the future of travel. In June 2025, Binance CEO Richard…

20 hours ago