---
title: "Kingboard Holdings launches $350 mln Kingboard Laminates block trade, term sheet shows"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279426196.md"
datetime: "2026-03-17T11:58:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279426196.md)
  - [en](https://longbridge.com/en/news/279426196.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279426196.md)
---

# Kingboard Holdings launches $350 mln Kingboard Laminates block trade, term sheet shows

SINGAPORE, March 17 (Reuters) - Kingboard Holdings Ltd (0148.HK) is selling about $350 million of shares in Hong Kong-listed Kingboard Laminates Holdings Ltd (1888.HK) in an accelerated bookbuild block trade, according to a term sheet seen by Reuters.

-   The seller is offering 130 million existing shares at HK$20.95 to HK$21.51 each, the term sheet showed. That represents a 6.5% to 8.9% discount to Kingboard Laminates’ HK$23 closing price on Tuesday.
    
-   Kingboard Laminates is a vertically integrated electronics materials maker, according to its website.
    
-   Citi is the sole bookrunner on the sale.
    
-   Books are open, settlement is due on Friday, and the vendor and its affiliates are subject to a 90-day lock-up, the term sheet showed.

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