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KB LAMINATES Once Dives 14% Before Decline Narrows as Major Shareholder KINGBOARD HLDG Realizes $785M from Shr Placement
Recommend 25 Positive 38 Negative 25 |
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KB LAMINATES (01888.HK) opened 3.14% lower today (18th), and once dived 14.1% to a low of $9.31. The stock last printed at $9.8, dipping 9.59%. Trading volume surged to 118 million shares, involving $1.167 billion. The Group received a share placement from its substantial shareholder, KINGBOARD HLDG (00148.HK), realizing $785 million, as announced by the Group. Upon completion, KINGBOARD HLDG's shareholding in the Group will decrease from 73.76% to 71.25%. AAStocks Financial News Website: www.aastocks.com |
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