Hallgain Management Bolsters Stake in Kingboard Holdings with Strategic Share Purchase

Deep News
15 hours ago

A recent disclosure from the Hong Kong Stock Exchange reveals that on August 27, Hallgain Management Limited increased its shareholding in Kingboard Holdings Ltd (HK: 00148) through the acquisition of 200,000 shares.

The transaction was executed at an average price of HKD 52.6406 per share, amounting to a total consideration of approximately HKD 10.528 million. Following this purchase, the firm's latest share count stands at roughly 355 million shares, which corresponds to a 31.60% ownership stake in the company.

This move reflects a continued alignment of interests by the major shareholder amid the company's current market positioning.

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