Yeebo sell-off

YEEBO (International Holdings) says 27.33 million shares of the company that were sold off recently were part of a parcel of shares pledged by its chairman Makie Hui Po-yuen to secure borrowings by So Kin-keung, the missing chairman of Kin Son Electronic (Holdings) Co.

The shares transferred included the disposal of 19.6 million shares by one lender and 7.73 million shares by another lender.

The transfers had reduced Mr Hui's stake in the company from 45.58 per cent to 39.5 per cent.