Kingboard Holdings Sees HK$1.339 Billion in Share Transfer, Representing 2.89% of Holdings

Stock News08-05

According to the latest data from the Hong Kong Stock Exchange, on August 4, KINGBOARD HLDG (00148) experienced a significant position shift, with a total transfer value of HK$1.339 billion, accounting for 2.89% of its holdings.

The company's shareholder transferred 9.2353 million shares to Morgan Stanley Hong Kong Securities and moved 23.55 million shares out of Citibank.

KINGBOARD HLDG has issued an announcement stating that the group expects to achieve a net profit exceeding HK$2.7 billion for the six months ending June 30, 2026, representing an increase of more than 4% compared to the same period in 2025.

The reported segment profit from the group's copper-clad laminate business surged by over 200% year-on-year in the same period, which is expected to drive the increase in the group's net profit for the reporting period. However, this growth was partially offset by losses reported in the investment business segment during the same period.

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