Kingboard Raises $1.5 Billion Through Kingboard Laminates Stake Sale to Support PCB Expansion

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Kingboard Holdings has raised approximately HK$11.77 billion (US$1.5 billion) through the sale of a portion of its stake in subsidiary Kingboard Laminates Holdings, as growing demand from AI infrastructure drives investment across the PCB and electronics materials supply chain.

According to reports from the South China Morning Post, The Standard, and market filings, Kingboard sold approximately 155 million Kingboard Laminates shares at a discount to the previous closing price, reducing its ownership stake while maintaining majority control of the laminates manufacturer. The transaction represents one of the company's largest recent capital-raising efforts.

Kingboard said proceeds from the placement will be used to expand its business operations and repay existing borrowings. The company is increasing investment in printed circuit board and copper-clad laminate production capacity to support accelerating demand from AI servers, data centers, and other high-performance computing applications.

Kingboard Laminates is one of the world's largest manufacturers of copper-clad laminates and other PCB materials, serving customers throughout the electronics industry. The company has benefited from increasing demand for advanced materials used in AI-related infrastructure and next-generation electronic systems.

Market observers noted that the fundraising reflects growing investor interest in companies supplying critical components and materials for AI hardware. The PCB and electronics materials sectors have seen increased attention as manufacturers expand capacity to meet anticipated long-term demand from artificial intelligence applications.