Kingboard Holdings hits all-time high on sale of Kingboard Laminates stake

Kingboard Laminates Holdings

17/06/2026 04:13

** Shares of Kingboard Holdings 0148.HK jump 21.7% to HK$120.5, their all-time high since debut in October 1993
** Stock of the laminates and PCB maker set for the biggest one-day pct rise since June 9
** Kingboard Holdings plans sale of 155 mln shares, or 4.92%, of Kingboard Laminates 1888.HK, to third-party investors, raising HK$11.77 bln ($1.50 bln) for PCB business investments, expanding production capacity, for R&D and to repay bank loans
** Shares will be offered at HK$76 each, an 11.5% discount to Tuesday's close of HK$85.9 
** Kingboard Holdings' stake in Kingboard Laminates will fall to 61.7% from 66.62%
** Shares of Kingboard Laminates slip as much as 5.7%
** YTD, Kingboard Holdings stock up 302%, Kingboard Laminates shares up 561.5%
     
($1 = 7.8328 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))