HK Stock Market Move | YEEBO (INT'L H)(00259) falls by over 22%, joint venture company suspected of financial fraud under investigation by the Securities Regulatory Commission.
Yidu (International Holdings) (00259) extended its afternoon decline by over 22%, falling 21.41% to HK$3.45 as of the time of writing, with a turnover of HK$23.7019 million.
YEEBO (INT'L H) fell by over 22% in the afternoon, as of press time, down 21.41%, to HK$3.45, with a turnover of HK$23.7 million.
On the news front, YEEBO (INT'L H) announced that its affiliated company, Suzhou QingYue (a company listed on the Shanghai Stock Exchange's Sci-tech Innovation Board, in which the group holds approximately 28.08% equity), received a "notice of case filing" from the China Securities Regulatory Commission on November 1, 2025, regarding suspected false records in Suzhou QingYue's regular financial reports. Suzhou QingYue further disclosed that it will fully cooperate with the investigation by the China Securities Regulatory Commission. Additionally, Suzhou QingYue's business operations remain normal.
Public information shows that Suzhou QingYue Optoelectronics Technology was established in 2010 and is a supplier dedicated to providing comprehensive solutions for IoT terminal displays. The company is mainly engaged in the research, production, and sales of new display devices such as OLED. The company listed on the Sci-tech Innovation Board in December 2022. YEEBO (INT'L H) recently announced that Suzhou QingYue had a net loss attributable to owners of approximately RMB 13 million in the third quarter of 2025, and a net loss attributable to owners of approximately RMB 43 million in the first three quarters of 2025.
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