Kingboard (148 HK) Places Out More Shares In Kingboard Laminates (1888 HK)
In StubWorld: Big Moves In “Kings”, I mused, given 66.62%-held Kingboard Laminates (1888 HK)‘s meteoric price gain, Kingboard (148 HK) may seek another placement. And so it has.
Kingboard is placing out 155mn shares in Laminates, or 4.92% of shares out, at HK$76/share, a 11.5% discount to last close, raising HK$11.8bn. This placement reduces Kingboard’s stake to 61.7%.
This is Kingboard’s second placement in 2026 after it sold 130mn shares (4.15% of shares out) in Laminates back on the 18th March 2026, pocketing HK$2.72n
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