KB Laminates (01888) Sees HK$2.909 Billion Share Transfer, 2.27% Stake Moved Out of Citibank with 59.5489 Million Shares

Stock News10-23

According to the latest data from the Hong Kong Stock Exchange, KB Laminates (01888) experienced a position change on October 22, with a total transferred market value of HK$2.909 billion, accounting for 2.27%.

The company's shareholders transferred 48.0721 million shares into Goldman Sachs (Asia) Securities and moved 59.5489 million shares out of Citibank.

On October 14, KB Laminates Sales issued its latest round of price increase notices. Due to strong demand in the thin fabric market and tight supply alongside significant price rises in upstream glass fabric and glass yarn, the company raised sales prices for laminates and PP using 2116 and thinner fabrics as raw materials by 15%, effective from the same day orders were received.

This marks the company's eighth price increase notice issued so far this year.

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