Stock Movement | Kingboard Laminate Falls 6% on Kingboard Shareholding Reduction

SighingCashier · 2026-03-18T02:01:11+00:00

Kingboard Holdings reduces its stake in Kingboard Laminates, cashing out 2.7 billion yuan and causing the stock price to drop by as much as 7.9%. The placement involves 130 million shares at 21 yuan per share, representing an 8.7% discount to yesterday's closing price. Following the reduction, the group's shareholding decreases to approximately 66.95%. This move aims to improve liquidity and support future development.

SighingCashier

2026-03-18 02:01:11

Abstract generation in progress

Kin Tai Group (00148) reduces holdings in Kin Tai Laminates (01888), cashing out HKD 2.7 billion. The stock price of Kin Tai Laminates drops, falling as much as 7.9% to a low of HKD 21.18.

As of 9:58 a.m., Kin Tai Laminates is trading at HKD 21.6, down 6.1%, with a turnover of HKD 3.314 billion. Kin Tai is at HKD 37.9, down 2%, with a turnover of HKD 40.1 million.

Kin Tai announced that it will sell up to 130 million shares of Kin Tai Laminates through a placement, representing approximately 4.15% of Kin Tai Laminates’ share capital; the placement price is HKD 21 per share, about 8.7% below the previous closing price, raising HKD 27.3 billion, which will be used for general operational funds.

Kin Tai stated that the sale is expected to improve the group’s overall liquidity, providing additional financial resources to support its ongoing operations and future development.

After the completion of the sale, Kin Tai’s direct and indirect ownership of Kin Tai Laminates will decrease from approximately 71.1% to about 66.95%.

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