Carson Yeung reduces stake in Birmingham

Pa
Thursday 05 May 2011 10:17 BST
Comments
Yeung has been charged
Yeung has been charged (GETTY IMAGES)

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Birmingham owner Carson Yeung has reduced his stake in the midlands club by 1.6% and raised £3.63million from selling shares to private investors.

Yeung has reduced his holding in the Carling Cup holders from 24.9% to 23.3%.

The Hong Kong businessman has made the move after it was announced last month that Birmingham had debts of £27.27 million.

A statement on the Hong Kong Exchange said 6.43% of City's parent company, Birmingham International Holdings, has been sold to people unconnected with the club.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in