On July 24, KINGBOARD HLDG fell 4.51% in regular trading, trading at HKD 47.52/share, with turnover of HKD 181 million.

On the news front, the PCB sector weakened again after the prior session's rebound, with subsidiary KB Laminates declining 3.93% in tandem, dragging the broader Kingboard group lower. More critically, controlling shareholder Hallgain Management has been conducting sustained large-scale disposals since early July, reducing its stake from 34.3% to approximately 31.54%. Chairman Zhang Guorong, Executive Director Zheng Yongyao, and Executive Director Zhuang Jianqi have simultaneously reduced their personal holdings, creating persistent selling pressure on the supply side.

The current share price has now retreated over 68% from its June high of HKD 151.8, reflecting fragile market confidence. Citi previously noted Hallgain's stake is unlikely to fall below 30% as that would trigger a mandatory general offer threshold, but the ongoing overhang continues to cap recovery potential despite solid industry fundamentals including multiple rounds of copper-clad laminate price hikes this year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)