Kingboard Laminates falls most in 4 months as parent trims stake at discount

Kingboard Holdings

18/03/2026 02:34

** Shares of Kingboard Laminates Holdings 1888.HK fall 7.9% to HK$21.18, on course for the biggest one-day pct decline since November 21

** Stock on track to snap four straight sessions of gains

** Kingboard Holdings 0148.HK says it plans to sell 130 mln Kingboard Laminates shares in a share placement, raising HK$2.72 bln ($347.07 mln) to support its ongoing operations and future development

** Kingboard Laminates shares will be sold at HK$21 apiece, or a 8.7% discount to Tuesday's close

** Kingboard Holdings' stake in the unit will be reduced to 66.95% after the deal, from 71.10% - Co

** Shares of Kingboard Holdings slip 1.5%

** YTD, shares of Kingboard Laminates up 64.8%, Kingboard Holdings stock up 30.5%

($1 = 7.8370 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))