Kingboard Holdings launches $350 mln Kingboard Laminates block trade, term sheet shows

Kingboard Holdings

17/03/2026 11:58

SINGAPORE, March 17 (Reuters) - Kingboard Holdings Ltd 0148.HK is selling about $350 million of shares in Hong Kong-listed Kingboard Laminates Holdings Ltd 1888.HK in an accelerated bookbuild block trade, according to a term sheet seen by Reuters.

The seller is offering 130 million existing shares at HK$20.95 to HK$21.51 each, the term sheet showed. That represents a 6.5% to 8.9% discount to Kingboard Laminates' HK$23 closing price on Tuesday.

Kingboard Laminates is a vertically integrated electronics materials maker, according to its website.

Citi is the sole bookrunner on the sale.

Books are open, settlement is due on Friday, and the vendor and its affiliates are subject to a 90-day lock-up, the term sheet showed.

 (Reporting by Yantoultra Ngui; Editing by Mrigank Dhaniwala)

 ((Yantoultra.Ngui@thomsonreuters.com;))