Kingboard Holdings' entire leadership team has been filing massive sell-offs this week, and the scale is striking.
Family holding vehicle Hallgain Management filed sales totalling $2.1 billion across 10 trades at Kingboard Holdings between June 22 and July 7. The CEO, founder, and two executive directors also sold. Combined, insiders have dumped over $2.3 billion in stock over the past three weeks.
That is a rare and coordinated exit at the top of any company. The Hong Kong-listed laminates maker has seen its share price recover sharply in 2026 — insiders appear to be cashing out.
On the buying side, Jiangsu Eastern Shenghong's Chairman and CEO Miao Han'gen filed a $463 million purchase of shares on July 10. The trade itself occurred in late May, but the disclosure is fresh. It marks another in a string of large personal bets by the same executive, who has now filed over $900 million in cumulative personal buys in the past 18 months.
Meanwhile, a 5% shareholder at Pop Mart International — the Hong Kong-listed toy company behind the Labubu craze — filed a $202 million purchase on July 10. The trade was made at HK$150 per share on July 6.
These contrasting signals — mass selling at Kingboard, aggressive buying at Shenghong and Pop Mart — highlight where insiders see value and where they see exits this week.
This article is for informational purposes only and does not constitute financial advice.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
