Kingboard Holdings Ltd (HK:0148), a Chinese circuit‑board manufacturer, disclosed that its subsidiary Kingboard Laminates Holdings Ltd (HK:1888) entered a block‑trade agreement to sell approximately 155 million shares. The shares are priced at HK$76.0 per share, generating net proceeds of HK$11.77 billion, equivalent to about US$1.5 billion. The company stated that the capital will be allocated to expand its printed‑circuit business, augment overall production capacity, and fund research and development initiatives. Following the announcement, Kingboard Holdings’ share price rose nearly 18% to HK$117.80, while Kingboard Laminates shares increased by 1.9%. The parent’s shares have appreciated roughly 300% year‑to‑date in 2026.