HKG:1888

1 story mentioning HKG:1888Updated 1d ago

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Kingboard Holdings Cuts Kingboard Laminates Stake via Share Placement

Kingboard Laminates (HKG:1888) said its parent, Kingboard Holdings (HKG:0148), agreed to place 155 million shares in the company at HK$76 apiece, according to a Wednesday Hong Kong bourse filing.The share placement will reduce Kingboard Holdings' stake in Kingboard Laminates to about 61.7% from 66.6%.The settlement is expected on June 22, according to the filing.

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