Kingboard Holdings to Raise $1.5 Billion via Unit Share Placement

Kingboard Holdings is set to secure approximately $1.5 billion through the sale of 155 million shares in its unit, Kingboard Laminates. The Hong Kong-based manufacturer intends to utilize the capital to bolster its printed circuit board operations, expand production capacity, and settle outstanding corporate debt.

Today, 05:05· Money Talk· 2,569 reads

Kingboard Holdings to Raise $1.5 Billion via Unit Share Placement

The company has priced the placement at 76 Hong Kong dollars per share, an 11.5% discount compared to the closing price on the final trading day. This move will generate net proceeds of roughly 11.77 billion Hong Kong dollars. Following the transaction, Kingboard Holdings will see its stake in the subsidiary decrease from 66.62% to 61.70%.

Kingboard operates a diverse portfolio spanning chemicals, magnetic products, and property development alongside its primary laminate and circuit board business. The parent company's own shares concluded their last session at 99.00 Hong Kong dollars.

Kingboard Holdings to Raise $1.5 Billion via Unit Share Placement

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