---
title: "Pangborn Group falls more than 8% as major shareholder reduces stake"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292022161.md"
description: "Pangborn Group (148.HK) dropped over 8% in Hong Kong trading to HK$77.350, with Citigroup citing sustained share sales by the Zhang family as a key driver."
datetime: "2026-07-08T06:30:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292022161.md)
  - [en](https://longbridge.com/en/news/292022161.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292022161.md)
---

# Pangborn Group falls more than 8% as major shareholder reduces stake

Pangborn Group (148.HK) fell more than **8%** during regular trading to **HK$77.350**. Citigroup stated that the stock decline is primarily driven by selling pressure from management, with the Zhang family reducing their holding through Hallgain Management Limited from 34.3% to 31.98%. The bank warned this could limit short-term upside potential despite attractive valuations, recommending focus on Pangborn Laminates instead.

### Related Stocks

- [00148.HK](https://longbridge.com/en/quote/00148.HK.md)

## Related News & Research

- [Why Nvidia stock fell today](https://longbridge.com/en/news/294010291.md)
- [Nvidia eyes OpenAI, SK Hynix deals—why the stock still looks like a chip laggard](https://longbridge.com/en/news/293933024.md)
- [Should you buy Intel stock as it rebuilds its chip empire?](https://longbridge.com/en/news/293826083.md)
- [Smart Digital extends long stop date for HK$2.31-share placement to Aug. 17](https://longbridge.com/en/news/293914838.md)
- [REG - Trium Capital LLP Pinewood Tech Gp PLC - Form 8.3 - Pinewood_Technologies](https://longbridge.com/en/news/294080296.md)