Leview sells last stake in Hong Kong's Coolpad

Coolpad

12/01/2018 24:49

HONG KONG, Jan 12 (Reuters) - Chinese smartphone maker 
Coolpad Group  2369.HK , part of the cash-strapped LeEco 
technology conglomerate, said Leview Mobile HK Limited had sold 
its remaining stake and had ceased to be a shareholder. 
    Leview Mobile last week sold 18 percent of the company to 
British Virgin Islands-incorporated Power Sun Ventures for $103 
million, reducing its stake to 11 percent.  urn:newsml:reuters.com:*:nL4N1P00AE 
    In the latest move, Leview Mobile sold its remaining 551.4 
million shares to Cayman Islands-incorporated Zeal Limited for 
an undisclosed sum, Coolpad said in a filing late on Thursday. 
It gave no details on Zeal.  
    Data Dreamland Holding Ltd remains the third-largest 
shareholder with 9.2 percent of Coolpad. 
     
     
 
 (Reporting by Donny Kwok; Editing by Stephen Coates) 
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: COOLPAD GROUP SHARESALE/