Four Directors of KB LAMINATES Sell Over 2.36 Million Shares in Single Day, Realizing More Than HK$210 Million

Stock News06-29

According to the latest data from the Stock Exchange of Hong Kong, on June 24th, four directors of KB LAMINATES (SEHK: 1888) simultaneously sold shares in the company. The combined sell-off amounted to approximately 2.3645 million shares, with total proceeds exceeding HK$213 million.

Breaking down the transactions, Executive Director Zhang Guoping sold 500,000 shares at an average price of HK$93.71 each, realizing roughly HK$46.855 million. Following this sale, his shareholding decreased to about 11.25 million shares, representing a 0.35% stake.

Managing Director Zhang Guoqiang sold 700,000 shares at an average price of HK$89.50 per share, totaling approximately HK$62.65 million. His post-sale holding stands at around 7.752 million shares, equating to a 0.24% ownership interest.

Chairman Zhang Guohua divested 900,000 shares at an average price of about HK$86.452 each, generating proceeds of around HK$77.8068 million. His shareholding was reduced to approximately 9.552 million shares, or a 0.30% stake.

Executive Director Lin Jiabao sold 264,500 shares at an average price of HK$96.99 per share, amounting to roughly HK$25.6539 million. After the sale, his holding is about 11.6835 million shares, constituting a 0.37% interest in the company.

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