Kingboard Chemical Placement - Share Sale Could Fuel Index Inclusion Speculation

APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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Equity Capital Markets

Kingboard Laminates Holdings / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/8122" target="_blank" data-smartkarma-citation="entities:8122:1">Kingboard Chemical Holdings (148 HK)</a> is looking to sell 125m shares of <a href="https://www.smartkarma.com/entities/10276" target="_blank" data-smartkarma-citation="entities:10276:1">Kingboard Laminates Holdings Limited (1888 HK) (KBL)</a> for approximately US$152m (HK$1,185m). The deal represents 4.1% of KBL's total shares outstanding.</p><p>The deal scores well on our framework owing to its strong track record, earnings momentum and share price. KBL reported a strong set of FY2016 results with net profit (excl. disposable gain ) up 61%. Its revenue has been growing with improving net and gross margin in the past…</p>

Kingboard Chemical Holdings (148 HK) is looking to sell 125m shares of Kingboard Laminates Holdings Limited (1888 HK) (KBL) for approximately US$152m (HK$1,185m). The deal represents 4.1% of KBL's total shares outstanding.The deal scores well on our framework owing to its strong track record, earnings momentum and share price. KBL reported a strong set of FY2016 results with net profit (excl. disposable gain ) up 61%. Its revenue has been growing with improving net and gross margin in the past…

Kingboard Laminates Placement - Good Results Supported by Industry Tailwind