According to the latest data from the Hong Kong Stock Exchange, three significant shareholders of KINGBOARD HLDG (00148) executed share sales on the same day, June 24th. The combined volume of shares sold exceeded 27.8 million, with the total transaction value reaching approximately HK$3.562 billion.

Breaking down the transactions, Hallgain Management Limited disposed of 25.3525 million shares at a price of HK$127.93 per share, generating total proceeds of around HK$3.243 billion. Following this sale, its shareholding was reduced to approximately 421 million shares, lowering its stake in the company to 37.52%.

Executive Director Zhang Jiacheng sold 500,000 shares at HK$126.93 each, amounting to about HK$63.465 million. Post-sale, his holding stands at 4.2 million shares, representing a 0.37% ownership interest.

Managing Director Zheng Yongyao divested 1.9535 million shares at roughly HK$131.11 per share, with the total proceeds amounting to about HK$256 million. After this transaction, his shareholding is approximately 11.508 million shares, equating to a 1.02% stake in the company.