HKG:1888

2 stories mentioning HKG:1888Updated 13d ago

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Kingboard Laminates Expects H1 Profit to Jump Over 200%

Kingboard Laminates Holdings (HKG:1888) expects first-half net profit to exceed HK$2.8 billion, up more than 200% from a year earlier.The company attributed the increase to higher prices for laminate products and upstream materials, including electronic fiberglass yarn, electronic fiberglass fabric and copper foil, as well as higher laminate sales volumes, according to a Thursday Hong Kong bourse filing.Shares of the company jumped over 5% in recent trade.

HKG:1888

Asia57d ago

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.

HKG:0148HKG:1888

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