--- title: "KINGBOARD HLDG discount 11.5% placement 4.92% KB LAMINATES cashing out HKD 11.78 billion" type: "News" locale: "en" url: "https://longbridge.com/en/news/289980418.md" description: "KINGBOARD HLDG announced plans to place approximately 155 million shares of KB LAMINATES at a discount of about 11.5%, accounting for 4.92% of the issued share capital, with a net cash amount of approximately HKD 11.766 billion. The placement price is HKD 76. The proceeds will be used for investment in the printed circuit board business, expanding production capacity, research and development, repaying loans, and other corporate purposes. This move aims to increase liquidity and broaden the shareholder base without causing KINGBOARD to recognize gains or losses" datetime: "2026-06-17T01:07:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289980418.md) - [en](https://longbridge.com/en/news/289980418.md) - [zh-HK](https://longbridge.com/zh-HK/news/289980418.md) --- # KINGBOARD HLDG discount 11.5% placement 4.92% KB LAMINATES cashing out HKD 11.78 billion Kingboard Laminates has seen a significant rise in its stock price recently, finally leading to a placement for cashing out. Kingboard Group (00148) announced this morning that it plans to place 155 million shares of Kingboard Laminates (01888) at a discount of approximately 11.5%, raising HKD 11.78 billion. Kingboard Laminates official website The placement price is HKD 76, which is an 11.5% discount compared to Kingboard Laminates' closing price of HKD 85.9 yesterday; it has a premium of 5.6% compared to the average closing price of HKD 71.96 over the past 5 trading days; and a premium of 19.5% compared to the average closing price of HKD 63.61 over the past 10 trading days. The number of shares to be placed accounts for approximately 4.92% of the issued share capital of Kingboard Laminates. After the placement is completed, Kingboard's shareholding will decrease from 66.62% to 61.7%, and Kingboard Laminates will still be a subsidiary of Kingboard, with the former's financial performance continuing to be consolidated into Kingboard's financial statements, thus the placement will not result in any profit or loss for Kingboard. After deducting transaction costs and other expenses, it is expected that Kingboard will net approximately HKD 11.766 billion from the placement, which is intended to be used for (i) investing in the printed circuit board business to enhance the capability of producing multilayer and high-density interconnect printed circuit board products; (ii) expanding production capacity to meet the growing market demand; (iii) accelerating research and development to promote product upgrades and innovation; (iv) repaying existing bank loans; and (v) other corporate purposes. Image source: Kingboard Laminates official website The board believes that the placement will increase the trading liquidity of Kingboard Laminates shares in the market and broaden the shareholder base. A broader and more diversified shareholder base, along with a larger public shareholding, is expected to promote more active trading of Kingboard Laminates shares, thereby enhancing the overall market image of Kingboard Laminates Kingboard Laminates' stock price has significantly surged in recent months, repeatedly hitting historical highs. Since the beginning of the second quarter of this year, Kingboard Laminates has accumulated a rise of 3.49 times, with a market value swelling to over HKD 270 billion; the parent company Kingboard has also seen its stock price rise 2.01 times since entering April, with a market value exceeding HKD 100 billion ### Related Stocks - [01888.HK](https://longbridge.com/en/quote/01888.HK.md) - [00148.HK](https://longbridge.com/en/quote/00148.HK.md) ## Related News & Research - [Kingboard Laminates files HKEX next-day disclosure return, share capital rises by 300,000 shares](https://longbridge.com/en/news/290535366.md) - [Chinese Investors Double Stake as Kingboard Shares Surge 570% in AI Rally](https://longbridge.com/en/news/290233811.md) - [AI boom sparks Kingboard subsidiary’s US$1.5b stake sale to ramp up PCB capacity](https://longbridge.com/en/news/290028190.md) - [Kingboard Holdings unit seeks $1.5 billion from Kingboard Laminates block trade, term sheet shows](https://longbridge.com/en/news/289910252.md) - [SpaceX Saw 850,000 Orders From Robinhood For Its IPO: What's Going On?](https://longbridge.com/en/news/290597816.md)