Latest data from the Hong Kong Stock Exchange reveals that on June 26, two shareholders of KINGBOARD HLDG (HKEX: 00148) simultaneously reduced their holdings in the company. The combined sell-off amounted to approximately 2.188 million shares, with a total value of around HK$282 million.

In detail, Executive Director He Yansheng sold 1.188 million shares at a price of HK$128.70 per share, totaling approximately HK$153 million. Following this transaction, his latest shareholding stands at about 7.7562 million shares, representing a 0.69% stake.

Separately, Board Chairman Zhang Guorong sold 1 million shares, also at HK$128.70 per share, for a total of about HK$129 million. His shareholding post-transaction is approximately 4.4238 million shares, equating to a 0.39% ownership interest.