Kingboard Laminates Holdings (01888.HK) shares slid as much as 6% intraday and closed at HKD42.36, down 5.23%, after the company issued its eighth price-increase notice this year. The company is raising selling prices for laminates and PP made with thin glass cloth (2116 and below) by 15%, citing strong thin-cloth demand and tight upstream supply and sharp price rises in glass fabric and yarn. Kingboard said the adjustment applies only to thin-cloth products; thick-cloth products are not affecte

Kingboard Laminates Holdings (01888.HK) shares slid as much as 6% intraday and closed at HKD42.36, down 5.23%, after the company issued its eighth price-increase notice this year. The company is raising selling prices for laminates and PP made with thin glass cloth (2116 and below) by 15%, citing strong thin-cloth demand and tight upstream supply and sharp price rises in glass fabric and yarn. Kingboard said the adjustment applies only to thin-cloth products; thick-cloth products are not affected because thin-cloth raw-material costs rose more.