Millennium Group International agrees to sell Millennium Printing to Yee Cheong for HKD 14.8 million
MGIH•Related-party connection
Yee Cheong is a related party tied to the group’s majority shareholder, which holds 10,000,000 shares, or about 88.89%.
Debt deed and payment terms
A separate debt deed calls for release of HKD 35.43 million in intercompany liabilities, matched by payments from Yee Cheong to Millennium Strategic.
HKD 16.38 million is to be settled via set-off of two loans; the remaining HKD 19.05 million is payable in cash, partly deferred.
Millennium Group International to sell Millennium Printing
Millennium Group International Holdings’ Hong Kong unit Millennium Strategic agreed on Aug. 27, 2026 to sell Millennium Printing to Yee Cheong.
Cash purchase price is set at HKD 14.8 million, with completion subject to customary conditions and required approvals.
