SEHK:148Electronic
Kingboard Holdings (SEHK:148) Is Up 35.1% After US$1.5b Kingboard Laminates Block Trade Financing Shift
A unit of Kingboard Holdings recently moved to raise about US$1.50 billion through a block trade of shares in Kingboard Laminates, adjusting its financing mix and ownership structure in the process.
This fundraising comes as Kingboard Laminates benefits from very strong AI server demand for high-grade laminates and copper foil, where tight supply has turned into concrete order pressure.
We will now examine how this large capital raise, set against constrained AI server material supply,...