On July 2, Kingboard Laminates (01888.HK) fell 13.72% in regular trading, trading at HK$81.7/share, with turnover of HK$722 million.

On the news front, exchange filings disclosed on June 30 revealed that three directors simultaneously reduced their holdings on June 26, selling a combined 896,000 shares worth approximately HK$89.84 million. Specifically, Chairman Zhang Guohua sold 511,000 shares at HK$98.12 each for approximately HK$50.14 million; Executive Director Lin Jiabao sold 235,000 shares at HK$102.45 each for approximately HK$24.08 million; Executive Director Zhang Guoping sold 150,000 shares at HK$104.2 each for approximately HK$15.63 million.

The coordinated insider selling adds to recent disposal pressure after majority shareholder Kingboard Investments sold 155 million shares at HK$76 each on June 17, raising HK$11.78 billion. The broader PCB sector is under significant pressure today, with Kingboard Holdings falling 14.5% and VGT declining 11.96%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)