HK Stock Market Move | KINGBOARD HLDG(00148) fell over 10%. The major shareholder has cashed out over 8.9 billion Hong Kong dollars in the past three days.
Jiantao Group (00148) fell more than 10%, as of the time of publication, it fell 10.49%, to 115.2 Hong Kong dollars, with a turnover of 4.34 billion Hong Kong dollars.
KINGBOARD HLDG (00148) dropped by more than 10%, as of the time of writing, it fell by 10.49% to 115.2 Hong Kong dollars, with a turnover of 4.34 billion Hong Kong dollars.
On the news side, the latest data from the Hong Kong Stock Exchange showed that KINGBOARD HLDG was reduced by its major shareholder, the family of Zhang Guorong, led by Hallgain Management Limited (HML). On June 22, 23, and 24 (Monday to Wednesday of this week), they respectively reduced holdings by 20 million shares, 22.0285 million shares, and 25.3525 million shares, with an average price of 140.33 Hong Kong dollars, 131.38 Hong Kong dollars, and 127.93 Hong Kong dollars per share, reducing the shareholding from 44.06% to 37.52%, cashing in about 8.944 billion Hong Kong dollars.
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